Reserves
Russia's gold and for ex reserves continue to rise
Russia's central bank has announced increased reserves of 0.8% for gold and foreign exchange. This represents a new record.
Taiwan's forex reserve hits another record high
The Central Bank of China's monthly report showed an increase in foreign exchange reserves in February taking Taiwan's reserves to a record high.
World Bank wants Venezuela to lift for ex controls
The World Bank has said Venezuela's currency controls are transitory and can only work temporarily.
ECB Press Release, 28 Feb
PRESS RELEASE - Annual publication of the List of Monetary Financial Institutions and institutions subject to minimum reserves as at end-December 2002, 28 February.
Mexico central bank net assets fall, reserves rise
Mexico's central bank reported increased reserves but also announced a decline in its net assets due to factors including expenditures from federal government operations of $624 million.
Russian gold reserves reach a new record
Russia's central bank has announced record gold reserves, increasing to 52.7 bn dollars.
Bank of Portugal Press Release on gold
PRESS RELEASE - Banco de Portugal informs that during February 30 tons of its gold reserves were sold, 25 February.
Portugal sells gold to diversify reserves
Bank of Portugal sells gold for "diversification of the external reserves".
Fraser silent on Iraqi-Australia gold deal
A magazine has suggested Australia was paid a large sum of gold in 1991 as part of an export deal.
RBI issues risk management guidelines
In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.
Russia posts another rise in gold reserves
Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.
Iranians turn to gold as war casts its shadow
Iran's central bank has introduced measures designed to bring down soaring gold prices, including easing procedures for the importation of gold and silver bullion, a bank official, Jalal Jalilian, was quoted as saying Tuesday.
Venezuela's Zavala - No for ex trading until March
According to Central Bank of Venezuela (BCV) Director Domingo Maza Zavala, foreign exchange trading will continue to be suspended until the end of February to allow government and Central Bank officials enough time to implement the controls.
Management of reserve assets
SAMA employs tranching as a means of managing diversification of assets to improve the return on its reserve portfolio.
BCV director insists forex controls are essential
According to Central Bank of Venezuela (BCV) director Domingo Maza Zavala, the foreign exchange controls implemented by the government Thursday are essential for control of the economy, particularly in such troubled times.
Romanian national bank reserves exceed $7.5bn
The international reserves of the National Bank of Romania (BNR) exceeded 7.5bn dollars (6.9bn euro) as of 31 January 2003, of which gold stood at 1.25bn dollars.
Gold price soars on war talk concerns
Worries that US Secretary of State Colin Powell's speech on Iraq could be a harbinger of war sent gold soaring to a six-and-a-half year high on Wednesday as investors piled into the traditional safe haven in times of trouble.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
Russia posts small rise in gold reserves
Russia's gold and currency reserves have grown 100m dollars, from 48.1bn to 48.2bn dollars, in the period from 17 January to 24 January, a news agency said information from the Central Bank of Russia.
Colombia, Venezuela c banks to discuss for ex
The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.
IMF Press Release
PRESS RELEASE - IMF Approves Transitional Stand-By Credit Support for Argentina, 24 January.
Russian central bank may increase euro reserves
The Russian central bank, which has foreign currency reserves largely denominated in dollars, may increase its holdings of euros, deputy chairman Oleg Vyugin was quoted as saying.
Kazakh national bank to up gold purchases in 2003
The Kazakhstan National Bank plans to increase gold purchases on the domestic market in 2003. The Bank's net gold and foreign currency reserves totalled 2.981bn dollars in December 2002.
Argentina confirms default of World Bank debt
Debt-ridden Argentina confirmed it has defaulted on its US$726 million payment due to the World Bank. The default was prompted by fears that payment could reduce central bank reserves to zero over the next few months.