News/Financial Stability
Bulgarian c bank launch redesigned website 15 Mar
BULGARIA - Bulgarian Central Bank (BNB) will launch its redesigned website on 15 March.
Colombia central bank launches new COP1,000 bill
COLOMBIA - Colombia's central bank on Tuesday launched a new 1,000 peso bill ($1=2271.50) to complement the coins of that denomination in circulation already.
Banks shun online sales pitch
UK - Britain's banks and building societies are turning away from the web in their search for new customers.
Federal Reserve Board Currency and Coin
REPORT - Payment Systems, 2001 data for currency and coin, 28 February.
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Fake note scam hits 50 shops
IRELAND - Forged euro notes were handed in to 50 Irish businesses last week, it emerged yesterday.
CBA hits Reserve, playing "social policy" on cards
AUSTRALIA - On Thursday Commonwealth Bank of Australia (CBA) attacked the Reserve Bank over its proposed credit card reforms.
Russia finishes real-time payment system
RUSSIA - According to Tatyana Paramonova, first deputy chairwoman of the Central Bank of Russia, the real-time payment system is 80% complete in Russia.
BOK to introduce cyber credit card in October
SOUTH KOREA - The Bank of Korea (BOK) is moving to introduce an online cyber credit card which will be available in October this year.
Crucial factors for online banking
MALAYSIA - In order to provide Internet or online banking, banks operating in Malaysia are required by Bank Negara (BNM) to employ the services of a well mandated or a trusted security system.
Vietnam c bank governor has no bank account-media
VIETNAM - Vietnam's central bank Governor Le Duc Thuy, who is leading a campaign to reduce the country's reliance on cash transactions, has admitted he does not have a credit card, or a personal bank account.
Australian Reserve Bank's credit-card plan slated
AUSTRALIA - MasterCard said it will consider scaling back its Australian operations if the central bank proceeds with its plan to cut credit-card fees and open the credit-card system to new participants.
Gay online bank shuts down
US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
New anti-fraud cards on the way
UK - New measures to counter credit and debit card fraud have been unveiled by the UK's banking industry.
Punt passes away quietly
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
Bank may put printing pounds in private hands
UK - Private sector operators may be given the chance to print money under proposals by the Bank of England to jettison its banknote operations.
Credit card clean-up in Australia
AUSTRALIA - The Reserve Bank of Australia is poised to make sweeping changes to credit card regulations in 2002. Should it prohibit the banks' interchange fee structure, as has already been flagged, Australia's banks will lose a collective $A400 million…
ECB - ATM conversion to euro now finalised
GERMANY - The conversion of automated teller machines, or ATMs, is now finalised, the European Central Bank said Monday in an update on the euro cash changeover.
Fears that euro ATMs will run dry
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
5m euros are stolen in three months
EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.
C bank to put new LTL 20 banknote into circulation
LITHUANIA - The central Bank of Lithuania will put new twenty-litas notes into circulation on 17 December 2001.
Australia's RBA to deregulate credit card sector
AUSTRALIA - The Reserve Bank of Australia Friday proposed to deregulate the country's credit card system, forcing down fees and allowing retailers to recoup costs from customers.
Distribution of euros to start tomorrow
GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.