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Central Banking

Brazil c bank criticised for paranoia

BRAZIL - The Central Bank has come under criticism for giving too much priority to its inflation targets. On Tuesday, Rio de Janeiro federal university economics professor Reinaldo Goncalves said "a anti-inflation paranoia" has been created, leaving…

BOT suing Rerngchai for losses

THAILAND - The Bank of Thailand plans to sue former central-bank governor Rerngchai Marakanond for damages involving the failed defence of the baht that resulted in massive losses, the central-bank's chief said yesterday, Monday.

Pakistan 'set for parallel bank system'

PAKISTAN - Pakistan's central bank yesterday issued a fresh set of requirements for commercial banks intending to provide Islamic banking services, in a step to comply with an order from the country's Supreme Court seeking a conversion to Islamic banking…

Afghan central bank - little left but dollar bills

ARTICLE - A dingy bank vault in the center of this destitute, dust-smudged capital holds the foreign-currency reserves of Afghanistan: $90,000, much of it in single dollar bills. The cash, all that remains of Afghanistan's plundered treasury, was simply…

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