Central bank’s foreign reserves reach new record level
BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion
WGC says higher local demand boosted gold trading between banks and CBRT
Screens seen as first step in adopting ESG practices, so why do so few central banks use them?
Government resorted to $5.4 billion drawing to help meet higher pandemic financing needs
Researcher says large holdings can be justified, but only for some purposes
Platform will handle both internally and externally managed funds
The Covid-19 pandemic and the reaction from central banks had a significant impact on the price of gold. Over the past few decades, central banks have viewed gold as a ‘safe-haven asset’ – an investment that can be used to dodge the impact of negative…
Róbert Rékási speaks to Central Banking about how Covid-19 has changed gold investment trends
Crisis-fighting has pushed central banks into new forms of risk-taking, which is impacting reserve managers
The price of gold has skyrocketed this year, but central banks have not flocked to invest as they have done in the past, write Rachael King and Victor Mendez‑Barreira.
Norwegian, Swedish and Danish central banks conclude bilateral swap deals
Reserve managers share their views on future gold holdings, target allocations, purchasing and storage approaches, the use of ETFs, and the impact of Covid-19, in the results of a new joint Central Banking-Invesco survey. By Nick Carver and Robert Pringle
Key survey data and comments reinforce the main findings in Invesco’s central bank reserve management white paper on the revival of gold as a reserve asset.
Leaders agree to extend bilateral repo and currency swaps arrangements for another year
Portfolio grows due to FX purchases and government transfers from abroad
In a year of exceptional circumstances – especially true for gold, which, in August, saw an all-time high price – Invesco explores how pandemic-driven uncertainty has returned the precious metal to the spotlight of the global monetary system.
Sales by gold producers Turkey and Uzbekistan lead decline in global holdings
The higher yield and resilience these assets offered in 2020 may further boost reserve diversification
Crisis has accelerated long-term pre-crisis trends stemming from global financial crisis
Central bank says referendum motion is ill-defined and would hurt reserves management
‘Sure’ bonds offer the ECB a less controversial option for asset purchases