G7

Big reserve holders in Asia

The president of the Asian Development Bank, Haruhiko Kuroda, told Dow Jones newswires yesterday that "emerging economies in Asia are well advised to decelerate the accumulation of foreign exchange reserves". "Many of them have more than enough", he said.

G-7 falters in sending stern message to China

Although finance ministers from the Group of Seven industrialised nations were optimistic three months ago that China's new currency regime would help the global economy find its lost balance, they weren't so sure last weekend, this article published…

Fukui says Japan ready for monetary policy shift

Bank of Japan Governor Toshihiko Fukui told his Group of Seven counterparts that the central bank will move away from its monetary policy stance eventually, once the condition of sustainable rising consumer prices is met, Kyodo News Agency reported.

G7 on money laundering & terrorist finance

We are committed to fight against those who seek to abuse the international financial system for criminal or terrorist purposes, a statement released on Saturday 3 December following the G7 meeting in London said.

PBOC officials to miss G7 meeting

The People's Bank of China said on Monday 28 November that its governor and vice governors won't be attending the Group of Seven meeting of finance ministers and central bank governors which takes place in London this weekend.

Greenspan farewell party set for December

Finance ministers and central bank presidents from the G7 nations have ensured Alan Greenspan's departure will not go unnoticed with a special session scheduled for December in London as a farewell party.

Comment: Chinese gradualism

The invitation of China's finance minister and central bank governor to the G7 meeting in Washington this week would have dispelled any suggestion that "yuan politics" would not be a major talking point. But has anything new actually been said? The…

Oil set to be main topic for G7 meeting

Japan's finance minister said Friday's G7 meeting of top finance ministers and central bankers would discuss soaring oil prices as the main topic and talks on China's currency reform may be low-keyed for now.

Comment: China points way to wider reform

Robert Pringle, editor of Central Banking, explains why China's recent moves underline the need for a wider reform of world money (extracts from an interview with the German newspaper, Handelsblatt published on 11 August).

G7 communique from Washington meeting

The financial ministers and central bankers of the Group of Seven nations met in Washington on Saturday 16 April. Their statement repeated a call for "more flexibility in exchange rates" where it was lacking.

IMF analysing options on gold

The International Monetary Fund is currently preparing a report on the possibility of selling or revaluing a portion of its gold reserves and the IMF staff analysis of the options will be eagerly awaited.

Russia not to vary currency policy after G7 meet

Russian Central Bank First Deputy Chairman Oleg Vyugin said on Monday 9 February that the bank saw no reason to change its currency policy following last weekend's Florida meeting of the Group of Seven finance ministers and central bank governors.

G7 communique

Statement of G-7 Finance Ministers and Central Bank Governors, Dubai, United Arab Emirates, September 20, 2003

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