Reserves
Malawi imposes capital controls after devaluation
Central bank devalued kwacha by 30% against US dollar last week
Crisis-stricken Israel has faith in central bank
Economists tell Central Banking the government must radically change fiscal priorities
Bank of Israel’s FX interventions reached $8.2 billion in October
Central bank approved $30 billion programme following Hamas attacks on Israel
Indonesia and Singapore renew bilateral liquidity lines
MAS and Bank Indonesia also renew bilateral repo agreement
Egypt restricts foreign currency credit card payments
The move comes after the central bank restricted debit card use abroad
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
Ecuador president-elect sends mixed signals on central bank raid
Noboa pledged to spend $1.5 billion, but later said this would only be in emergency
Reserve Benchmarks 2023 – model banks analysis
Benchmarking data sheds light on key differences in reserves management strategies in advanced, emerging and developing economies
Israeli economy and budget will remain resilient, says Yaron
Bank of Israel governor expects inflation will return to target on schedule
Kenya to buy back $500 million in Eurobonds
Central bank governor says country will seek ‘exceptional’ IMF funding
Riksbank to sell reserves to hedge currency risk
Central bank aims to sell around $10.1 billion and will provide update from October 13
Bank of Israel to sell $30 billion to stabilise shekel
Exchange rate fell sharply following Hamas attack on October 7
Reserve Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
Reserve Benchmarks 2023 report – rebuilding buffers
Insights on portfolios coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
Central banks of UAE and Egypt agree currency swap
Latest currency support move by UAE comes amid mounting pressure on Egyptian pound
Over 15% of reserve managers plan diversification changes
Close to 14% of participants will increase diversification, while 17.2% are discussing changes
Fewer central banks added new reserve assets in 2023
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
Wallstreet and others rank highest for reserves technology services
Ion’s Wallstreet treasury system tops the 2023 rankings
Milei picks professor to be (last) central bank governor
Argentinian candidate picks dollarisation advocate for BCRA
Bolivian reserves reaching critical levels, say experts
Central bank is depleting gold stocks to pay debt while monetary financing continues