Reserves
Fractures in the monetary system
Seizure of Bank of Russia assets likely to have long-term implications for international system
Reserve managers weigh risks amid Ukraine crisis
Greater investment in commodity and energy-linked assets could be wise, some experts say
ECB opens €10 billion swap line with National Bank of Poland
Central bank extends repo lines with non-eurozone counterparts until January 2023
BIS paper finds benefits from ‘deconstructing’ ESG scores
“Best-in-class” strategy can overcome problems with other approaches, authors say
Bank of Russia caps FX withdrawals and EU sanctions Belarus
Russian depositors can withdraw unlimited rubles but only up to $10,000 in foreign currency
Sudan floats currency
Decision follows adoption of single unified exchange rate
Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February
Sri Lankan central bank raises rates and clashes with power company
Energy chairman says “power crisis” has been caused by unwise use of foreign exchange
Bank of Russia pauses repo transactions
Central bank increases forex surcharge amid signs of strains on banking liquidity
Outsider arts: how Russia might adapt to sanctions
The history of the USSR and actions by other sanctioned countries may give clues to Russia’s next moves
Rethinking sovereign risk
‘Risk-free’ assets now include the possibility of complete confiscation with no recourse
Sanctions prevent Bank of Russia FX interventions
Governor Elvira Nabiullina says central bank has not been able to support plummeting ruble
Some Eurosystem central banks hold Bank of Russia assets, ECB says
Holdings could become significant if further sanctions directly target Russian central bank
BIS targets green bond growth with launch of Asian fund
“We expect a fast-growing market for green bonds,” says BIS banking head Peter Zöllner
Chilean central bank joins regional foreign reserves network
Membership of Flar is latest measure to boost access to funds after 2019 exchange rate crisis
Honduran Congress clears way for SDR loan
Declaration of “emergency” will allow government to access $335 million held at central bank
Higher interest rates to challenge gold in 2022
But real rates are likely to remain low in historical terms, and gold tends to perform better with high inflation
SNB predicts rise in profits for 2021
Early estimate suggests profits will be up around Sfr5 billion on 2020 figure
BIS paper says investors can cut carbon footprint ‘with relative ease’
Passive investors can achieve substantial carbon reduction with simple approach, authors say
Afghanistan’s frozen assets trigger controversy as harsh winter looms
Cash that is “desperately needed” by ordinary Afghans remains frozen in overseas central bank accounts
Turkish lira rises as central bank launches ‘incentive’ scheme
Selling pressure eases as new facility unveiled, but outlook remains uncertain
Reserve Benchmarks 2021 – presentation
Central Banking’s reserves specialist Victor Mendez-Barreira speaks with Christopher Jeffery about liquidity, coverage, resources, ESG and more