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Europe Daily Bulletin No. 7799

15 September 2000
Contents Publication in full By article 11 / 55
GENERAL NEWS / (eu) emu/ecb
ECB will sell the equivalent of EUR 2.5 billion in currency, but denies this is market intervention

Frankfurt, 14/09/2000 (Agence Europe) - On Thursday, the European Central Bank announced it would begin that same day to sell up to the equivalent of EUR 2.5 billion in currency to buy euros - the sale of interest income of the foreign reserve assets invested by the ECB (essentially in US dollars but also in Japanese yen), states an ECB press release. It also points out that the Federal Reserve and the Bank of Japan "have been informed of these planned foreign exchange operations". The Bank...

Contents

THE DAY IN POLITICS
GENERAL NEWS
SUMMER TEXTS ON EUROPE'S FUTURE
ECONOMIC INTERPENETRATION