Central Banking
Issing says uncertainty over US economic outlook
European Central Bank member Otmar Issing said investors have become more cautious on the outlook for the dollar and that the U.S. economy is slowing faster than Europe's, an Italian financial paper reported on Saturday.
Euro weakness must be seen in context - Schioppa
European Central Bank council member Tommaso Padoa-Schioppa on Saturday said that the euro's current weakness needed to be judged in light of historical exaggerations in currency swings.
Gerashchenko angry at MPs for changing auditor
Russian newspapers report on Viktor Gerashchenko's anger about the Duma's decision to ditch the central bank's auditor Price Waterhouse Coopers in favour of Deloitte & Touche.
Bank of France defends Duisenberg after MPs attack
Bank of France governor Jean-Claude Trichet sprang to the defence of Wim Duisenberg on Friday after a senior French parliamentarian blamed the European Central Bank chief for the euro's woes and urged him to resign.
New Czech central bank head faces political row
Czech President Vaclav Havel chose Zdenek Tuma as the country's new central bank governor on Friday, setting up a showdown between Tuma and the government over future interest rate policy.
Polish president debates new c.bank head next week
President Aleksander Kwasniewski will meet Poland's top three political parties next week to discuss candidates for the new central bank chief, opening the way for a parliamentary vote on the issue as soon as December 6-8.
Bank of Zambia will not intervene to help kwacha
The governor of the central bank of Zambia said on Friday he expected the kwacha to go on falling against the dollar and his bank would not waste resources on trying to intervene and stop the slide.
Nepal's central bank reforms financial institution
Nepal's central bank has worked out a reform program to speed up the reformation of the 121 financial institutions in Nepal that are mired in managerial problems, according to the bank's statement issued on Friday.
Taiwan cenbank warns speculators of potential risk
Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's…
Basis for unified payment system in Russia
In December, the Interagency Smart Cards Commission will present a draft plan for putting together a unified payment system in Russia. The system will be based on the payment system of Sberbank, and the clearance and cash center of the central bank will…
Vietnam central bank liberalises payment fees
The Vietnamese central bank has decided to remove all limits on domestic and international payment fees charged by banks.
Greek banks to meet ECB reserve regulations
The Bank of Greece said on Friday that effective from 1 January 2001 Greek banks will have to meet European Central Bank regulations on their required reserves.
Polish central bank says no rate cut in Q1 2001
Polish central bank President Hanna Gronkiewicz-Waltz said on Friday she did not see scope for interest rate cuts in the first quarter of next year but hoped there was room for a cut by the end of the first half of 2001.
Heavy interest in seized Turkish banks
Turkey's banking watchdog on Friday said there is significant foreign and domestic interest in purchasing some of 10 banks with bad debts of $7bn that it has taken into receivership.
Kabila's Congo relaxes forex regulations
Democratic Republic of the Congo's central bank has eased restrictions on who can trade in foreign exchange and extended a list of transactions in which it can be used, state radio reported on Friday.
India's central bank urges state govts to reform
India's central bank on Friday urged the country's state governments to enact speedy reforms."As a result of financial sector reform, there are more stringent overall limits to fiscal expansion, impinging on both central and state governments," Reserve…
Morocco foreign reserves down 5.7% in September
Moroccan foreign reserves fell 5.5% to 55,860 million dirhams ($4.98bn) at the end of September compared with the same period last year, the entral bank said on Friday.
Gerashchenko wanted to keep PwC as auditors
Russia's lower house of parliament, the State Duma, Friday approved Deloitte Touche as the central bank's auditor for 2000, replacing PricewaterhouseCooper's. Speaking after the vote, central bank governor Viktor Gerashchenko said he had hoped to retain…
Bank of Spain's disclosure for settlement systems
The Spanish central bank has now published a revised version of the responses to the disclosure framework for the Spanish CADE (CENTRAL DE ANOTACIONES, formerly SACDE), November 2000.
Vietnam central bank agrees on bank merging plan
Vietnam's central bank has agreed in principle to the merger of two commercial banks but a final decision will be announced after merging procedures are completed, a bank official said on Friday.
Economic integration in the Korean peninsula
Marcus Noland, senior fellow at the Institute for International Economics, has written a paper called "Economic Integration in Koreas: Prospect and Risks" for the ICAS autumn symposium 2000 in Washington, DC.
India's RBI advocates cautious pension reform
The Indian government needs to move cautiously before letting the private sector manage pension funds, a top central bank official said on Friday.