Economics

Zimbabwe currency swap hits deadline

Zimbabwe's old currency ceased to become legal tender at midnight on 21 August, as the deadline ran out for citizens to exchange their notes for new denominations with three less zeroes.

StatsCan miscount adds up to doubts

Following the revelation that Statistics Canada has miscalculated inflation numbers, this article from The Canadian Press, published Thursday 17 August, says experts are now questioning another of the agency's reports.

SNB's Blattner to retire in the spring of 2007

The vice-chairman of the Swiss National Bank's Governing Board, Niklaus Blattner, will retire at the end of April 2007, the SNB said on Friday 18 August, adding that a replacement would be proposed within months.

SADC meeting focuses on trade

Trade in the Southern African Development Community (SADC) will feature high on the agenda at the 14-member body's summit in Maseru, Lesotho.

Banking and Payments Authority of Timor-Leste - AR

According to the Banking and Payments Authority of Timor-Leste's Annual Report 2004-2005, economic activity in Timor-Leste picked up in 2004 impacted by favorable crops in agriculture sector and expanded banking activity.

BoE paper on the danger of inflating expectations

According to the Bank of England Working Paper "The danger of inflating expectations of macroeconomic stability: heuristic switching in an overlapping generations monetary model" the volatility of inflation and output has fallen in most advanced…

Yuan volatility may signal appreciation

According to this article published Wednesday 16 August by Reuters, big swings in the dollar/yuan rate over the past three days suggest China's foreign exchange market is becoming freer and more volatile.

Romanian central bank confident of inflation drop

The Romanian central bank said Wednesday 16 August it is confident of a drop in inflation, while promising to maintain its cautious approach to monetary policy, guarding against the possibility of inflation rising again.

Central Bank of Bosnia & Herzegovina - Ann Rep 05

According to the Central Bank of Bosnia & Herzegovina's Annual Report 2005, the economy continued its growth from the previous period, and in 2005 it grew at the significant, but slightly lower rate than in 2004. Such a growth is close to that recorded…

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