Central Banking

Egypt central bank dollar requests mount up

EGYPT - Egyptian banks have accumulated requests for hundreds of millions of dollars with the Central Bank which has not released any dollars into the market in over a month, banking sources and newspapers said on 7 June.

Greenspan may face rougher ride from critic

US - Following the decision by James Jeffords, the Vermont senator, to quit the Republican party and hand control of the Senate to the Democrats, Paul Sarbanes, one of Mr Greenspan's biggest critics, assumes the chairmanship of the important Senate…

Irish may reject Nice Treaty

IRELAND - Just over 30 percent of Irish voters took part in a referendum on the Nice Treaty on 7 June. RTE, the Irish state broadcaster, says early indications are that "there is a strong possibility the Nice Treaty may have been rejected by the voters."

Interview with Horst Kohler

INTERVIEW - Following a string of financial crises from Mexico through Asia to Argentina, the reputation of the International Monetary Fund has taken a severe beating. IMF Managing Director Horst Kohler admits the fund may have made mistakes in the past,…

Swiss National Bank - Annual Report 2000

REPORT - The Swiss National Bank has produced its annual report 2000. It reviews a year in which GDP grew and unemployment declined significantly in Switzerland, inflation rose slightly but still remained below 2%.

Worries as German's remember 'wheelbarrow money'

GERMANY - A survey has revealed that more than half the population of Germany remain wary about the introduction of euro notes and coins fearing it will lead to price rises as retailers use the opportunity to round up prices following conversion into the…

IMF will grant loan to Yugoslavia in June - Dep PM

YUGOSLAVIA - The International Monetary Fund will grant its first stand-by loan to Yugoslavia this month even though the country's failure to adopt a war crimes law had been expected to block aid, Deputy Prime Minister Miroljub Labus said on 7 June.

Autonomous central bank defended by Fraga

BRAZIL - Central Bank president Arminio Fraga emphasized the importance of three items among those that depend on the regulation of article 192 of the Constitution of 1988, which deals with the national financial system.

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