Reserves
‘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
Illegal gold trade impacts Ethiopian reserves
Assosa region holds one of the greatest untapped resources of gold in the world
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
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
World faces ‘new investment regime’, says Mauritian governor
Seegolam says “bonds are back” but FX will be volatile
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
Colombia central bank transfers $1.6 billion to government
Country escapes trend of central bank losses
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
IMF allows five regional banks to hold SDRs
Development banks in Europe and the Americas are now “prescribed holders”
EU countries must report Bank of Russia assets, Commission says
Move opens way for seizing Russian assets, but Swiss government says confiscation would be illegal
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