The News Review:

- Forex – Dollar steady vs euro, yen in Asian afternoon trade ahead of…
- Taiwan end-April forex reserves hit record 289.38 bln usd
- Jim Eagles: Check those forex rates – 05 May 2008 – NZ Herald: Travel…
- Ethiopia: Central Bank Directives Send Forex Inflows to the Roof
- Philippine forex reserves seen ample, but lagging behind Asian…
- FOREX: Ringgit Opens Slightly Firmer Against US Dollar

Forex – Dollar steady vs euro, yen in Asian afternoon trade ahead of…
Forbes – May 5, 2008
dollar traded in a narrow range against the euro and the yen in afternoon trading in Asia on Monday ahead of the European Central Bank (ECB) meeting this week. After a busy week in the U.

Taiwan end-April forex reserves hit record 289.38 bln usd
Forbes – May 5, 2008
38 bln usd at the end of April, up from 286. 86 bln at end-March, the central bank said. The increase was due to repatriation of overseas investment proceeds by local life insurance companies, the bank said.

Jim Eagles: Check those forex rates – 05 May 2008 – NZ Herald: Travel…
New Zealand Herald – May 5, 2008
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Ethiopia: Central Bank Directives Send Forex Inflows to the Roof
AllAfrica.com – May 5, 2008
Within four months beginning January 2008, the country amassed 200 million dollars from monetary transfers that Ethiopians and foreign nationals of Ethiopian origin living abroad made to the country. This was disclosed at a press conference by Demeke Atnafu, acting director general of Ethiopian Diaspora Affairs Directorate at the MoFA, which was held in his office on Friday May 2, 2008. GA_googleFillSlot(”AllAfrica_Story_Inset”);The stunning increase is primarily attributed to directives issued by the National Bank of Ethiopia (NBE), a federal agency responsible for managing foreign exchange in the country. The NBE issued a directive in August 2006 that enables Ethiopians in the Diaspora to open a foreign exchange account in local banks.

Philippine forex reserves seen ample, but lagging behind Asian…
Manila Times – May 5, 2008
Burgonio, Reporter THE Philippines’ foreign exchange reserves are sufficient to cope with unfavorable global economic conditions, the organization of the world’s leading financial institutions said. In its regional overview, Institute of International Finance (IIF) said the country is projected to increase its reserves to $37. 1 billion this year from $32 billion last year. Despite the higher forex reserves level year on year, the Philippines would still account for the lowest share of emerging economies’ combined buffer of $3. 026 trillion this year from $2.

FOREX: Ringgit Opens Slightly Firmer Against US Dollar
Bernama – May 5, 2008
dollar Monday but is expected to be traded in a tight range amid the strengthening of the greenback, a dealer said. At 9am, the ringgit was traded at 3.