Central Banking
Libya to unify foreign exchange system by 2001
Libya plans to unify its two-tier foreign exchange system by the end of 2001 in a move that would also seek to protect foreign investors from fluctuations, a government minister said on Tuesday.
Zambian central bank governor appears before court
Zambian central bank governor Jacob Mwanza has been called to stand before the Lusaka High Court for contempt of court, the Post reported on Tuesday.
Removal of Hugary cenbank head now official
The head of the National Bank of Hungary (MNB) will leave his office on March 1 next year, and changes to the Central Bank Act will be worked out in cooperation with the new governor, Prime Minister Viktor Orban said in an interview with the public…
BOT takes new swipe at baht speculators
The Bank of Thailand (BOT) has introduced another measure to discourage baht speculation that will limit how much Thai currency may be bought without underlying transactions, and it says it plans to monitor non-resident baht accounts more closely.
Banking liquidity stats from Lithuania cenbank
New data on the liquidity in the banking system will be published on a daily basis on the Bank of Lithuania website.
IMF lobbies private sector over finance standards
An IMF/World Bank team visited London today on one leg of a travellingroadshow designed to sell global financial standards to the private sector.
Balcerowicz best for top central bank post
Poland's liberal former finance minister Leszek Balcerowicz would be the best candidate to replace Hanna Gronkiewicz-Waltz, the outgoing central bank governor, Poland's deputy premier told the best-selling Gazeta Wyborcza daily on Thursday.
Bank of Canada releases monetary policy report
The Bank of Canada today released its twelfth semi-annual monetary policy report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
The euro from the Turkish standpoint - Gazi Ercel
Gazi Ercel, the governor of the Central Bank of Turkey, gives his views on how the euro has affected the Turkish economy: currency basket, trading partner, external debt and reserves management.
Gronkiewicz-Waltz at the EBRD
In an interview with a Polish business journal, the Governor of the National Bank of Poland talks about her decision to leave the central bank and what her future duties at the EBRD will be.
Algerian bank chief sees 3.8% 2000 growth
Algeria's oil-dominated economy is expected to achieve 3.8% growth this year, up from 3.2% in 1999, central bank governor Abdelwahab Keramane told parliament last week. FX reserves have also been boosted.
US bought 1.5 bn euros in Sept. 22 intervention
The US monetary authorities intervened in the foreign exchange markets on one occasion during the third quarter, on 22 September, buying a total of 1.5 bn euros, the Federal Reserve Bank of New York said today in its quarterly report to the US Congress.
Tosovsky at the Financial Stability Institute
Josef Tosovsky, Governor of the Czech National Bank, has announced that he is leaving the central bank to head the Financial Stability Institute at the Bank for International Setlements.
China confirms Wu Xiaoling as forex chief
The People's Bank of China has annouced the appointment of Wu Xiaoling as director general of the State Administration of Foreign Exchange.
Bank Indonesia says using key tools to help rupiah
Anwar Nasution, acting governor of Bank Indonesia, said that the central bank was using several key tools to help boost the rupiah.
England revised £10 banknote
The Bank of England has issued a revised design £10 banknote with similar changes which were applied to the £20 note last year.
Quarterly Journal of Central Banking
The latest issue of the Quarterly Journal of Central Banking has just been published with contributions from four central bank governors.
Klein: no medium-term economic effects of violence
David Klein, Governor of the Bank of Israel, said in an interview with the "Quarterly Journal of Central Banking" that there would be no major economic repercussions from the renewed violence in Israel.
Governors under siege
The Quarterly Journal of Central Banking says in an editorial that far-reaching international movement during the 1990s to grant centralbanks legal independence has represented a major step forward in publicpolicy, but, as recent events have demonstrated…
Interview with Ernst Welteke
Ernst Welteke, president of the Deutsche Bundesbank, talks with the editor of the Quarterly Journal of Central Banking, Robert Pringle, about the forthcoming restructuring of the Bundesbank, the euro, the ECB and the need for greater political…
The euro and the political debate in Europe
Political union is necessary for the success of European monetary union, argues Professor Andre Szasz, so that Eurozone members begin to accept that their neighbour's problems are now their problems. But lack of policy coordination, potentially could…
Interview with Hanna Gronkiewicz-Waltz
The changes to Poland's monetary policy framework in the 1997 National Bank of Poland Act have proved rather difficult to swallow. But now the reforms are bedding down, central bank presidentHanna Gronkiewicz-Waltz can focus on preparing Poland for…
Reform of the IMF: lessons from Indonesia: Hanke
The IMF's weaknesses became clear to Professor Steve Hanke when he was advising President Suharto about the adoption of a currency board in Indonesia.