Reserve management: a new era


In response to criticism that he had altered an opinion, John Maynard Keynes once famously remarked: “When the facts change I change my mind. What do you do sir?” The time has come for central bankers to employ similar open-mindedness in their management of official foreign exchange and precious metal reserves. Over the past three decades, as reserves have increased in value from less than one hundred billion dollars to nearly $3 trillion, facts surrounding the uses of and the investment

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: