Foreign Exchange
‘Back to the future’ for FX reserve management
Rise in bond yields changes the dynamics of ‘security, liquidity and return’, writes Gary Smith
Hackers seize South Sudan central bank website
Group demands central bank act to make currency stronger against the dollar
Cuba will again allow dollar cash deposits
Decision reverses ban in place since June 2021
IMF eases Argentina loan terms
Fund approves $5.4 billion payout and lowers reserves targets as drought conditions bite
Uruguay’s government will recapitalise central bank
Economist says BCU failed to hedge against exchange rate risks
Bank of Guyana rejects FX criticism
Country’s FX reserves fell to 1.4 months’ worth of export cover in the autumn
Saudi Arabia gives Turkish central bank $5 billion
Turkish government moves to protect workers from firing in aftermath of earthquake
Bolivia sells dollars to public as reserves dwindle
Analysts say central bank may not be able to defend its peg much longer
Argentine minister announces new dollar rate for winemakers
New bid to help exporters and build reserves after success of soy dollar
US court rules plaintiffs cannot seize Afghan reserves
Judge supports earlier ruling that frozen assets belong to Afghan government, not the Taliban
Iran imposes FX controls as currency falls again
Commodities inflation bites ahead of upcoming new year
Cuba replaces central bank governor
Head of foreign exchange body takes over from Wilson González
Bolivian central bank offers preferential rate for dollars
Dwindling reserves drive new measures to obtain foreign exchange and gold for central bank
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
RBNZ to expand FX reserves
Bigger economy and markets demand larger pool of reserves, central bank says
Haiti receives $105 million emergency loan
IMF urges central bank to cut back monetary financing
Argentine minister announces debt buyback
Government will repurchase up to $1 billion in foreign currency bonds “to lower risk premium”
Cuban foreign exchange reserves have fallen, state says
Unusual disclosure in official publication sparks speculation about country’s financial position
Argentina activates Chinese swap lines
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
Papua New Guinea flights grounded amid FX dispute
Central bank accuses fuel supply firm of failing to repatriate foreign exchange earnings
Bahamas central bank backs law change on SDRs
Governor supports move to allow finance ministry to use SDRs but opposition condemns proposal
RBI strategy targets global rupee use
Central bank aims for wider use of Indian payment technology and spread of national currency
The rise of non-SDR currency reserves
New Cofer data release may show an overall fall in FX reserves, writes Gary Smith
China needs dollar reserves to bolster renminbi – Eichengreen
Authorities must reassure global markets to make renminbi reserve currency, paper argues