Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
The Swiss-based Bank for International Settlements rejected as baseless on Tuesday a US lawsuit alleging the BIS conspired with central banks and major international investment houses to keep the price of gold low.
The governors and vice-governors of central banks which emerged after the break-up of the former Yugoslav federation failed to reach an agreement on the distribution of gold and foreign currency reserves at the International Bank for Settlements in Basel…
Yugoslavia said on Monday it hoped to quickly reach a deal with other members of the old six-member Balkan federation on dividing up gold assets held with the Bank of International Settlements.
The Bank of Latvia has intervened in the currency market and sold $3.5m, Andrejs Viks, central bank currency operations foreign reserves portfolio head said.
The Sri Lankan central bank's third one-off adjustment of the rupee trading band Monday - amid rocketing import costs - took the markets by surprise once again.
Central bank officials Monday said China's first communist-era gold market will be set up in Shanghai, but they declined to say when.
Central Bank of Iran announced that it has allocated $1bn to the private sector. The money was drawn from the foreign exchange reserve fund which was set up to deposit surplus oil revenues.
Bundesbank President Ernst Welteke on Thursday said he could not tell whether the euro has already turned the corner, adding that the currency's further performance depended on US economic growth.
Governor of the Central Bank of Macedonia Ljube Trpeski said that Macedonia and Bosnia-Herzegovina will request the Bank for International Settlements in Basel to change the formula for sharing of foreign currency reserves in gold of the former National…
Yugoslavia's central bank said on Wednesday it was planning to abandon its rigid fixed exchange rate policy in 2001 and move to a managed float for the dinar.
Cyprus is preparing a major shake-up of its financial markets in January to remove measures left over from its days as a British colony and to shore up its economy prior to joining the European Union.
Bangladesh Bank, the country's central bank, has launched a vigorous move to replenish the country's emaciated foreign exchange reserve by relaxing its regulation on remittances, the United News of Bangladesh reported on Tuesday.
Ukraine's fragile hryvnia currency is likely to remain steady in the next two months, backed by stronger demand ahead of the year-end, Serhiy Yaremenko, the head of the central bank currency regulation department, said on Thursday.
Taiwan's central bank lashed out at Hong Kong and Shanghai Banking Corp (HSBC) on Thursday, saying it had consistently undervalued the local currency in its foreign exchange forecasts.
The Hong Kong Monetary Authority will provide a quarterly schedule of its issuance plans for Exchange Fund bills and notes, beginning with the December-to-March period, it said Thursday.
The Bank of Thailand said on Wednesday the dollar/baht market had returned to normal after gridlock over the past week as onshore banks scrambled to pare credits to offshore counterparties and funding costs soared.
Including gold in a diversified portfolio can improve investment performance and make the investment better able to cope with shocks to the system. World Gold Council institutional investment head Dr Robert Weinberg said gold can improve investment…
Indian foreign exchange market players are eagerly waiting to see if the Reserve Bank of India makes any direct or indirect comments on the foreign exchange markets and interest rates at the 21st Asia-Pacific Forex Congress.
European Central Bank (ECB) member Otmar Issing said he felt the amount of foreign reserves held in the Eurozone was well within the range of estimates, but was evasive on whether this constituted an optimal level.
The Bank of Thailand clamped down further on baht speculation on Monday, telling local banks it would start strictly enforcing a ban on one-day, tom/next and forward dollar/baht deals with offshore parties if there was no underlying commercial purpose.
The People's Bank of China, the country's central bank which has a monopoly on domestic gold trading, has taken the first step to deregulate the domestic gold market by reducing its authorised gold purchasing points in all provinces, industry sources…
The governor of the central bank of Zambia said on Friday he expected the kwacha to go on falling against the dollar and his bank would not waste resources on trying to intervene and stop the slide.
Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's…