Central Banking
S Asian central bankers to stay clear of tension
SRI LANKA - Amid fears of war between nuclear-armed India and Pakistan, while Sri Lanka struggles for peace, South Asian central bank officials meet this week to improve processes that would boost trade in the region.
Islamic banking conference hailed a great success
PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of…
JD1 coin to be replaced by new banknote in Jordan
JORDAN - The Central Bank of Jordan (CBJ) is expected to soon circulate new banknotes, to replace the current round JD1 coins, following numerous cases of counterfeit detected by security and financial authorities, a bank official said on Tuesday.
Japan entering cyclical rebound: BOJ board member
JAPAN - A Bank of Japan Policy Board member said on Wednesday that Japan's economy was starting to recover but the financial sector posed a risk.
Iran to offer euro-denominated bonds
IRAN - For the first time since the 1979 Islamic revolution, Iran has signed a deal with two foreign banks to market Iranian revenue bonds on the international market.
Central Bank of Kenya aims for Donde Act removal
KOREA - Bankers and the Central Bank of Kenya now want the entire Donde Act declared null, reports the East African Daily Nation web site.
Afghan central bank struggles to defend currency
FEATURE - Afghanistan's central bank plans to issue a new bank note and chop three zeros off the volatile afghani in order to bring money supply under its control, the governor of the Bank of Afghanistan said on Tuesday in an interview with Reuters.
Use standard loan documents: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) yesterday encouraged Singapore banks to adopt standardised templates for loan documentation, saying this would benefit them and borrowers, as well as help in the growth of the loan syndication market.
Paul O'Neill and pop star argue over aid issue
UGANDA - The Washington Post reports that US Treasury Secretary Paul O'Neill and Irish rock star Bono have apparently fallen out, over the issue of digging wells, during a joint 10-day trip around Africa to investigate the aid issue. O'Neill has…
Bank of England News Release
NEWS RELEASE - Serial Numbers of £5 Banknotes, 27 May.
Speech by Eugenio Domingo Solans, ECB, 24 May
SPEECH - In a speech titled 'Monetary integration in Europe: some past and present experiences' Solans says that one conclusion we can draw from the European experience is that full monetary integration is the final result of a long process of previous…
Reserve Bank of Australia 2002 Conference
CONFERENCE - The Reserve Bank of Australia 2002 conference 27-28 May, jointly organised with the Australian Treasury, is on the topic: 'Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges'.
New £5 coin would make more sense
LETTER - A letter published in the London edition of the Financial Times on 28 May.
Speech by David Dodge of Bank of Canada, 24 May
SPEECH - Convocation address by David Dodge, Governor of the Bank of Canada to the graduating class of the Faculty of Engineering, Queen's University, Kingston, Ontario, 24 May.
Norges Bank Press Release
PRESS RELEASE - Satisfactory financial stability - despite high credit growth, 28 May.
Philippines to make bid to FATF
PHILIPPINES - Philippine financial regulators are to meet with officials of the Paris-based Financial Action Task Force (FATF) next week in a fresh bid to be removed from a list of money laundering havens.
Argentina's governors support Duhalde
ARGENTINA - Argentina's president won backing Monday from powerful provincial governors for his attempts to obtain an international bailout package to pull Argentina out of financial crisis. But, he warned, "time is running out."
Mboweni urges Deutsche Bank disclosure
SOUTH AFRICA - SA Reserve Bank governor Tito Mboweni on Monday said it was important that details of a deal struck between the SARB and Deutsche Bank be made available to the rand commission of inquiry.
Bank of Greece picks Garganas as new governor
GREECE - The Bank of Greece on Monday picked Deputy Governor Nicholas Garganas to succeed Lucas Papademos at the helm of the central bank and fill a seat on the governing council of the European Central Bank.
Brash hits back at dissent on growth policy
FEATURE - Former New Zealand Reserve Bank governor Dr Don Brash has hit back at the view that the bank's approach to monetary policy hobbles economic growth reports the New Zealand Herald on Tuesday.
Risks await in raising interest rates
FEATURE - If central bankers are 100 per cent sure that interest rates need to start rising, it is probably too late reports Tuesday's Financial Times.
UAE to license 'hawala' operators
UAE - The UAE central bank will soon set up a licensing and supervisory system for 'hawala' operators in the country.
China's c bank head confirms looser money supply
CHINA - People's Bank of China governor Dai Xianglong said on Monday that China is already pursuing a policy of increased money supply to bolster economic growth.
Heikensten likely new Riksbank governor - report
SWEDEN - Lars Heikensten currently First Deputy Riksbank Governor, is most likely to be appointed to the top rank at the Riksbank when Urban Backstrom resigns as Governor at the end of the year, Nordea wrote in its weekly market letter Friday.