Reserves
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Sri Lanka softens forex restrictions
The Central Bank of Sri Lanka on Tuesday said it would relax foreign-exchange restrictions on banks after pressure on the rupee abated.
Latvia buys euros for first time since November
The Bank of Latvia bought euros for the first time in seven months last week after the lats gained on hopes that Riga would not have to devalue the currency.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
ECB board member: reserve-currency change slow
Changes to the currency composition of reserves will occur in a gradual way, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Russia could float rouble next year
The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.
Norway's Gjedrem: SWF woes will ease with time
The Government Pension Fund is a long-term savings plan and capable of riding out large swings in the markets, said Svein Gjedrem, the governor of the Norges Bank.
Reserve Bank of Australia - Annual Report 2008
The Reserve Bank of Australia reviewed and restructured its currency activities during 2008, says Glenn Stevens, the governor of the central bank in its latest Annual Report.
Latvia PM dismisses devaluation advice
Latvia's prime minister has parried claims by a former governor of the Riksbank that the lats will need to be devalued in the near future.
Ten heroes of monetary gold
Timothy Green, a journalist who has written about gold for 40 years, lists the ten individuals and institutions that have most shaped the precious metal's monetary history
China should focus on gold not SDRs: Hanke
China would be better off promoting gold rather than special drawing rights (SDRs) as a global reserve currency, a prominent economist has argued.
Ex-Brazil governor dismisses plan to ditch dollar
Gustavo Franco, a former governor of the Central Bank of Brazil, has said that proposals for China and Brazil to trade in renminbi and reals rather than dollars are "pure idle talk".
Beyond Santiago: status and prospects
Sven Behrendt argues that sovereign wealth funds’ admirable support of sound governance principles needs to be taken a step further
Our outdated global monetary regime must go
From its roots in post-war reconstruction, the current international monetary system has evolved into a regime fundamentally unsuited to the realities of today's global economy. But it cannot last, writes Ousmene Mandeng
Brazil and China planning link-up to ditch dollar
A Central Bank of Brazil official has said that trade between the country and China will be conducted in reals and renminbi rather than dollars.
Malaysian state sets up $5 billion SWF
Malaysia's oil-rich Terengganu state will establish a M$11 billion ($3 billion) ringgit sovereign wealth fund with a M$5 billion bond issuance later this week.
Temasek sells Bank of America shares
Temasek, one of Singapore's sovereign wealth funds, has sold its stake in Bank of America in a bid to reduce its considerable exposure to western banking stocks.
Solve dollar riddle with price-adjusted swaps
Countries caught in a dollar trap should demand that the United States swaps nominal treasury bills for inflation-adjusted instruments, two prominent economists have argued.
The effects of the crisis on Norway's SWF
Norway's sovereign wealth fund, the Norwegian Pension Fund, has been hard hit by the crisis, said Jan Qvigstad, the deputy governor of Norges Bank.
Sell to central bank: Caracas tells gold producers
The Venezuelan government said on Monday that local gold manufacturers must triple the amount that they offer for sale to the country's central bank.
Beijing steps up calls for global monetary reform
Chinese officials reiterated calls for the reform of the international monetary order over the weekend.
China stockpiling gold
China has increased its gold reserves by 76% since 2003, said Hu Xiaolian, a vice president of People's Bank of China and the administrator of the State Administration of Foreign Exchange, on Friday.
Renminbi should be added to SDR basket: Mundell
Robert Mundell, a Nobel Prize-winning economist, has called for the International Monetary Fund to add the renminbi to the list of currencies represented in its special-drawing-rights (SDRs) basket.