Foreign Exchange
Euro internationalisation pushes ECB to rethink policy approach
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré
Three Asian central banks rebuff US claims of currency manipulation
Singapore, Malaysia and Vietnam respond to being placed on US Treasury watch list
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
How Singapore manages its reserves
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
Bank of Jamaica should reduce forex ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
US imposes sanctions on Venezuelan central bank
Trump administration attempts to close one of Maduro regime’s last sources of external financing
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
Turkish lira depreciates as reserves fall sharply
Forex reserves have fallen by 8% in first three weeks of March, according to central bank data
Turkey acknowledges reserves build-up necessary to stabilise lira
Currency plummeted on March 22 on weak global economic data
IMF paper looks at central banks’ use of forex reserves
Reserves used more for liquidity than for investment in decade since financial crisis, researchers find
Riksbank to reduce reserves and toughen ELA regime
Gold and foreign exchange assets will decline from $56 billion to $48 billion by October 2019
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
Central Bank of Sri Lanka must repair reserves buffers – IMF
IMF programme set to be restarted after political turmoil, but authorities have fallen behind on their targets
Looser Fed policy and monetary target hamper Argentina’s currency efforts
Inflation rises faster than expected as Argentinian forex reserves reach record high
Renminbi reserves are still relatively small
Renminbi investments still account for much smaller fraction of global forex reserves than China’s significance in world economy would merit
Myanmar adds yuan and yen as trade-settlement currencies
Move comes as yuan use rises and dollar use falls, analysts say
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Colombia purchases $1 billion from government
Operation aims to support plan to enhance international reserves portfolio
Argentina resumes forex interventions as peso rises
Central bank bought dollars in January to depreciate peso and keep it within non-intervention zone
Nicaragua’s central bank reserves fall 41%
Steep slide due to attempts to stem outflows of currency after political crisis