A Zimbabwe bank note -
AFP
- Thu 01 Jan, 08:14 PM
A Zimbabwe bank note. Zimbabwe's economy is now virtually based on foreign exchange, a state daily said Thursday, with fewer goods and services available in the local dollar which is rapidly losing its worth because of galloping inflation,
The ruble has lost nearly 20 percent of its value against the dollar since August -
AFP
- Fri 26 Dec, 02:06 PM
File picture shows a woman leaving a currency exchange office in Moscow. The Russian ruble dropped to a three-year low against the dollar on Friday, as a senior central bank official dismissed rumours of a sharp New Year's Eve devaluation as "complete nonsense."
Russia Medvedev calls for more rouble flexibility -
AFX
- Wed 24 Dec, 04:31 PM
MOSCOW, Dec 24 (Reuters) - Russia's president Dmitry Medvedev said the rouble exchange rate will become more flexible but ruled out a free float, saying the currency will fluctuate within a band.
FACTBOX-Key moves in Russian rouble exchange rate -
AFX
- Wed 24 Dec, 09:46 AM
MOSCOW, Dec 24 (Reuters) - The Russian central bank widened
the rouble trading band for the seventh time in December on
Wednesday, and for the 10th time since it embarked on a path of
controlled currency devaluation in mid-November.
HIGHLIGHTS-ECB's Trichet comments in Paris -
AFX
- Tue 23 Dec, 08:05 PM
PARIS, Dec 23 (Reuters) - Following are comments made by European Central Bank President Jean-Claude Trichet at a speech at a conference organised by Institut Montaigne, an independent think tank, in Paris on Tuesday.
INDICATORS - Bulgaria - Updated Dec 23 -
AFX
- Tue 23 Dec, 01:11 PM
(Updates with end-October gross foreign debt)
New items are marked by asterisk (*)
--------------------------------------------------------------
GROSS DOMESTIC PRODUCT
Q3/08 Q2/08 9-MO/08 Q3/07 9-MO/07
y/y pct chng +6.8 +7.1 +7.0 +4.9 +5.9
bln levs 18.61 15.94 48.04 15.74 40.17
-------------------------------------------------------------
BULGARIAN CONSUMER PRICES NOV/08 OCT/08 NOV/07
m/m pct change -0.1 +0.5 +1.6
y/y pct change +9.1 +10.9 +12.6
-------------------------------------------------------------
EU HARMONISED PRICE INFLATION NOV/08 OCT/08 NOV/07
m/m pct change -0.4 +0.1 +1.8
y/y pct change +8.8 +11.2 +11.4
--------------------------------------------------------------
UNEMPLOYMENT RATE NOV/08 OCT/08 NOV/07
monthly total 216,842 216,644 245,275
pct of workforce 5.85 5.85 6.62
-------------------------------------------------------------
PRODUCER PRICE INFLATION OCT/08 SEPT/08 OCT/07
m/m pct change -0.8 -1.0 +1.4
y/y pct change +10.1 +12.6 +11.3
--------------------------------------------------------------
INDUSTRIAL OUTPUT OCT/08 SEPT/08 (revised) OCT/07
m/m pct change +0.6 +8.5 +4.9
y/y pct change -1.9 +2.5 +11.3
--------------------------------------------------------------
INDUSTRIAL SALES OCT/08 SEPT/08(revised) OCT/07
m/m pct change -3.4 +11.0 +4.8
y/y pct change -5.0 +3.3 +11.3
--------------------------------------------------------------
* GROSS FOREIGN DEBT
(in million euros) END-OCT/08 END-SEPT/07 END-OCT/07
(revised)
GROSS FOREIGN DEBT 36,424.3 35,812.1 26,673.8
LONG-TERM DEBT 22,553.0 22,377.6 18,099.8
SHORT-TERM DEBT 13,871.3 13,434.5 9,433.4
PUBLIC DEBT&STATE
GUARANTEED LOANS 4,209.5 4,053.4 4,104.7
PRIVATE FOREIGN DEBT 32,214.8 31,758.7 22,569.1
PUBLIC FOREIGN DEBT 2,845.0 2,728.9 3,158.4
COMMERCIAL BANKS DEBT 9,263.8 8,948.0 4,762.1
PUBLIC AND PRIVATE
CORPORATE DEBT 11,995.2 11,868.9 9,319.9
FDI: INTER-FIRM DEBT 12,320.3 12,266.3 9,433.4
FOREIGN DEBT/PCT OF GDP 107.1 105.3 92.3
DEBT SERVICE/PCT OF GDP 16.6 15.5 19.2
SHORT-TERM/TOTAL DEBT (PCT) 38.1 37.5 32.1
------------------------------------------------------------
BALANCE OF PAYMENTS
(in million euros)
OCT/08 JAN-OCT/08 JAN-OCT/07
CURRENT ACCOUNT -1,064.2 -6,588.8 -4,610.3
TRADE BALANCE -948.7 -7,400.4 -5,688.8
exports, FOB 1,276.9 13,241.3 11,134.5
imports, FOB -2,225.7 -20,641.7 -16,823.3
SERVICES, net -44.5 1,177.2 1,194.6
INCOME, net -38.3 -874.3 -361.6
TRANSFERS, net change -32.7 508.7 245.5
FINANCIAL ACCOUNT* 471.5 9,946.5 8,880.9
FOREIGN DIRECT INVESTMENT 245.4 4,867.8 5,364.2
COUNTRY'S ASSETS INVESTED
ABROAD, net chng** -231.2 300.9 282.4
BNB FOREX RESERVES, net** 534.4 -2,185.6 -3,075.4
IMF LOANS, net change 0.0 0.0 -255.3
LOANS FROM OTHER LENDERS
net change 0.0 0.0 0.0
OVERALL BALANCE -534.4 2,185.6 3,075.4
C/A DEFICIT AS PCT/GDP n.a 19.4 16.0
NOTES:(*) The financial account includes direct and portfolio
investment flows plus foreign loans to government structures
and the private sector less balance of payments support, which
is part of foreign exchange reserves. (**) A minus sign in
the entry denotes an increase, while a plus sign denotes a
decrease.
---------------------------------------------------------------
CURRENCY BOARD FIXED EXCHANGE RATE
1.95583 levs per euro from July 5, 1999 CENTRAL BANK DAILY
LEV/DOLLAR REFERENCE EXCHANGE RATES USED FOR STATISTICAL AND
ACCOUNTING PURPOSES
---------------------------------------------------------------
* The Finance ministry has made the following forecasts for
major economic indicators for 2009 and 2008. The projections are
subject to revision. 2007 indicators had been announced by the
statistics office, the central bank and the finance ministry:
2009 2008 2007
Budget balance, (pct/GDP) +3.0 +3.5 +3.7
GDP real growth, pct +4.7 +6.5 +6.2
GDP bln levs 72.230 64.929 56.520
EU HARMONISED CPI (end-year) +5.4 +9.8 +11.6
EU HARMONISED CPI (average) +6.7 +12.4 +7.6
Current account deficit (pct/GDP) 22.2 24.0 21.8
FDI (bln euro) 5.37 6.13 6.52
--------------------------------------------------------------
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South Korea's woes saw Seoul lose three percent on Tuesday -
AFP
- Tue 23 Dec, 10:14 AM
A currency trader walks past signs showing South Korea's benchmark stock index (left) and the won-dollar exchange rate in a dealing room at the Korea Exchange Bank in Seoul, December 15. South Korea's woes saw Seoul lose three percent on Tuesday.
Demand rises in ECB's latest Swiss franc FX swap -
AFX
- Mon 22 Dec, 11:27 AM
LONDON, Dec 22 (Reuters) - Demand in the ECB's latest Swiss francs foreign exchange swap rose on Monday, as banks changed 11.587 billion euros into the Swiss currency.