Reserves
Russia's Gokhran to buy gold for central bank
RUSSIA - Russian precious metals depository Gokhran will buy 40 metric tons of gold in 2002 from domestic commercial banks for the Central Bank of Russia's reserves, Gokhran official Valery Goncharov told reporters Monday.
Russian reserves growing
RUSSIA - Russia's gold and foreign exchange reserves grew from $38.6 billion to a new peak of $38.8b in the period between 19 October and 26, 2001.
Pakistan's foreign exchange reserves rise
PAKISTAN - Pakistan's liquid foreign reserves rose to $3,433.9 million on 20 October from $3,351.3 million a week earlier, according to the State Bank of Pakistan.
Russian c bank reserves exceed 38 bn $ - Governor
RUSSIA - The currency reserves of Russia's Central Bank are nearly 38.6 billion dollars, Bank Governor Viktor Gerashchenko has said at the Russia-Dutch economic forum in the Hague.
Brazil c bank mulls use of derivatives on forex
BRAZIL - Brazil's central bank is considering the use of derivatives to intervene on the foreign-exchange market as of May 2002, a report said Thursday.
Argentina announces debt 'default' plan
ARGENTINA - Argentina's President Fernando de la Rua has announced a restructuring of his country's debt which many analysts regard as a technical default.
Speech by M R P Devakula, Bank of Thailand, 12 Oct
SPEECH - Opening Remarks by Governor M.R. Pridiyathorn Devakula of Thailand's central bank at Market Risk Management Techniques for the BIS Capital Regime Seminar, United Nations Conference Center, Bangkok, 12 October 2001.
Canadian dollar at record low
CANADA - Canada's currency fell to record lows against the US dollar on Wednesday, undermined by weak commodity prices, lower interest rates, and worries over the slowing economy.
Russian c bank lose 5 bn rubles due to staff fault
RUSSIA - The General Prosecutor's Office has completed investigation into the criminal case against Deputy Director of the main Moscow territorial division of the Central Bank, Alexander Alekseev.
Japan toughens stance on Pakistan debt
JAPAN - Japan has said it is unlikely to ease Pakistan's debt burden any further unless the Islamabad government agrees to ban nuclear weapons tests.
Speech by Shri Vepa Kamesam of India's Res Bank
SPEECH - Keynote address delivered by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the inauguration of the 12th National Forex Assembly organised by Forex Association of India at Goa on 26 October.
Argentina plays down default fears
ARGENTINA - Argentina is expected to announce later on Wednesday a plan to deal with its debt and boost the economy.
BOJ: Don't plan to weaken Yen by intervention
JAPAN - The Bank of Japan has no plan to intervene in currency markets to weaken the yen as a way to ease Japan's debilitating deflationary conditions, a senior BOJ official said Wednesday.
Thai cabinet approves currency swap with China
THAILAND - Thailand's cabinet approved a $2 billion unilateral currency swap deal with China Tuesday which can be used in the event of a foreign exchange crisis, a Finance Ministry official said.
Brazil c bank to receive US$2.5bn debt from Poland
BRAZIL - The Central Bank will receive US$2.457 billion in two weeks time from a debt due from Poland that is scheduled to come due in 2009. The money will bolster Brazil's foreign currency reserves, raising them to US$42 billion.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Remarks by Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas, before the Cato Institute 19th Annual Monetary Conference, Mexico City, 24 October.
Prominent economist urges Argentina to float
ARGENTINA - An international economist who has been one of the most prominent advocates of Argentina's fixed exchange rate regime says the country should now float its currency.
A way out for Argentina
ARTICLE - The currency board cannot survive much longer. Ricardo Hausmann says it is time for a radical alternative.
Argentina seeks support for debt plan
ARGENTINA - Argentina was yesterday, Monday, scrambling to build international support for its planned debt restructuring, details of which are expected in the coming days.
Banks maintain intl corporate credit exposure - 2Q
UK - Despite the worsening global economic outlook, banks' credit exposure to international corporations in the second quarter remained around the same level as in the first quarter, the Bank for International Settlements revealed.
Pakistan seeks landmark deal on debt rescheduling
PAKISTAN - Pakistan is seeking an unprecedented debt rescheduling agreement with the Paris Club of sovereign creditors, which would extend help on terms usually reserved for much poorer countries.
China's gold exchange launch seen on 28 Nov
CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.
ECB gold reserves to 26 October
GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.
Swiss SNB sells 7.7 tons of gold in 10-day period
SWITZERLAND - The Swiss National Bank sold around 7.715 metric tons of surplus gold in its latest 10-day reporting period ended 19 October, central bank statistics showed Monday.