Financial Stability

Central Bank of Russia offers more zodiac coins

RUSSIA - The Central Bank of Russia will issue more coins of the Zodiac series, starting tomorrow. It will be Scorpio now-silver two-rouble pieces and gold 25 roubles. Up to 20,000 silver coins will appear in circulation, and up to 50,000 gold, said the…

New Afghan currency to come into circulation 7 Oct

AFGHANISTAN - The head of Da Afghanistan Bank, the central bank, Dr Anwar al-Haq Ahadi, has said the new currency will be put into circulation on 15 Mizan [7 October 2002] and said that the exchange process of the old currency for the new one will be…

Afghan trade minister speaks of new currency

AFGHANISTAN - The trade minister of Afghanistan, Sayd Mostafa Kazemi, has said that Afghanistan has a positive view on capital and capital investment. He also said the new currency of Afghanistan will be a credible currency and our central bank has the…

Plastic Rs 500-notes coming soon in India

INDIA - Plastic money will soon gain currency in India. Currency notes, printed on a special, thin PVC (poly vinyl chloride) film, are likely to replace their paper counterparts from 2003.

Testimony of Fed V Chairman Roger Ferguson, 25 Sep

SPEECH - In his testimony titled 'The proposed Check Clearing for the 21st Century Act' Ferguson said that although an increasing number of payments are being made electronically, it was clear that checks will continue to play an important role in the US…

MAS issues new risk-based capital requirements

SINGAPORE - With effect from 1 October 2002, holders of Capital Markets Services (CMS) licences will be subject to new risk-based capital requirements under a subsidiary legislation of the Securities and Futures Act 2001.

Policy issues for central banks in retail payments

REPORT - This consultative report published 18 September explores policy issues for central banks that arise from current trends in retail payments markets. It puts forward four public policy goals for maintaining and promoting efficiency and safety in…

Central Bank of Costa Rica installs .NET

COSTA RICA - The Central Bank of Costa Rica has migrated its interbank electronic payments and transaction system (SINPE) to Microsoft Corp.'s .NET technologies.

Visa plans legal action against RBA

AUSTRALIA - The largest credit card company operating in Australia, Visa International, has launched an unprecedented legal action against the Reserve Bank of Australia to overturn reforms Visa claims will discourage its 10 million card holders from…

RBA Press Release

PRESS RELEASE - Reform of credit card schemes in Australia, 19 September.

Speech by Governor, State Bank of Pakistan, 31 Aug

SPEECH - In the speech titled 'Banking Sector Reforms - Current Status And Future Prospects' Husain said the country's payment system infrastructure is being strengthened to provide convenience in transfer of payments to the customers. The Real-Time…

CBN identifies constraints to e-banking

NIGERIA - In spite of the various benefits banks derive from e-banking, there are still some constraints to its adoption and efficient operation in Nigeria.

3rd Annual Payments Symposium Presentations

PRESENTATIONS - 'Using new technologies to transform the future of payments', sponsored by the Federal Reserve Bank of Cleveland, Columbus Marriott Northwest, Ohio, held between 6-7 June 2002.

SDG unveil software to detect money laundering

INDIA - SDG Software Technologies, a Hyderabad-based surveillance software solutions provider for the financial markets, has developed BankAlert - anti-money laundering software - targeting various financial institutions including central banks and…

European Central Bank Report

REPORT - Publication of the second edition of the accession country Blue Book. The European Central Bank (ECB) is today (30 August) publishing a report entitled "Payment and securities settlement systems in accession countries", the "accession country…

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