Reserves
Forex reserves not perfect insurance - IMF's Kato
High levels of foreign-exchange reserves can not fully insure against a sudden stop of capital inflows, said Takatoshi Kato, a deputy managing director of the International Monetary Fund.
Kazakhstan devalues tenge by 18%
The National Bank of Kazakhstan has allowed the tenge's value to fall by almost a fifth against the greenback by substantially devaluing the currency's dollar peg.
China "notes" Geithner renminbi claims
An official at the People's Bank of China has said the central bank had noted US Treasury secretary designate Tim Geithner's claims that President Barack Obama believes Beijing is manipulating the renminbi to boost exports.
Rouble at fresh low as devaluation continues apace
The rouble slumped to a record low against the greenback on Thursday as the country's central bank stepped up its devaluation of the currency.
Korea denies renminbi reserves interest
The Bank of Korea has issued a strong denial in response to a story claiming the central bank had looked into but ultimately rejected shifting some of its reserves into renminbi.
Assets are better kept with SWFs
Countries with a large foreign asset base tend to establish sovereign wealth funds as central banks' portfolio diversification tends is limited, says a new paper from the San Francisco Federal Reserve.
Russia, Nigeria devalue, shun "losing battle"
The Nigerian and Russian central banks have both said that they will allow their currencies to depreciate to protect their reserves stockpile. The actions signal Moscow and Abuja have acknowledged that the real values of their currencies have weakened in…
What's behind the fear of intervention?
Central banks' unwillingness to defend their currencies' value through foreign-exchange intervention despite abundant dollar reserves highlights a fear of intervening. Such a fear should lead central banks to review why they hold reserves, says Ousmene…
Russia's Ignatiev signals loosening of rouble peg
The head of Russia's central bank on Monday indicated Moscow could loosen its grip on its exchange rate regime.
Chile's deficit under the lens
A new paper by the Central Bank of Chile describes and assesses the main causes of the institution's deficit.
Korea asks China for dollar-swap deal
The Bank of Korea on Tuesday confirmed that it had asked the People's Bank of China for a dollar-swap line after reports emerged on the proposed facility.
G7 voice concern on yen's rise, action likely
The G7 economies on Monday indicated that they could act on the yen's appreciation after the Nikkei 225 index of leading shares in Tokyo slumped to a 26-year low on fears a strong currency would cripple the country's exporters.
Mboweni: reserve growth must go on
The central bank does not regard the current level of foreign exchange reserves as excessive, given the economy's high current-account deficit, said Tito Mboweni, the governor of the South African Reserve Bank.
China's Hu: subprime challenges reserve management
China's reserve management faces big challenges after the subprime crisis, said Hu Xiaolian, a deputy governor of the People's Bank of China.
China using reserves for political gain - report
China's State Administration of Foreign Exchange appears to have used its reserve stockpile, the largest in the world, to influence diplomatic relations between Costa Rica and Taiwan.
Russia did act on rouble fall: Deputy Ulyukaev
Alexey Ulyukaev, a first deputy chairman at the Central Bank of Russia, confirmed Friday that the central bank had intervened to shore up the rouble.
PBoC in finance ministry talks for capital: report
The People's Bank of China is in talks with the country's finance ministry to shore up its capital base, the New York Times, a newspaper, said Friday.
Argentine central bank funds to cover $6.7bn debt
Argentina's president said Tuesday that the authorities would dip into the central bank's coffers to repay the country's $6.7 billion debt to the so-called Paris Club group of creditor countries.
Bear bust led to dollar-support plans - report
The financial authorities in Frankfurt, Washington and Tokyo considered joint action to stabilise the falling dollar, a leading Japanese business newspaper has reported.
Dollar less important when reserves abundant
The share of the dollar in global foreign currency reserves falls when reserve levels increase, finds a new paper from the European Central Bank.
Sri Lanka's Cabraal: invest reserves regionally
South Asian central banks should consider investing their foreign-exchange reserves within the region, said Ajith Cabraal, the governor of the Central Bank of Sri Lanka.
China to set up FX unit to control renminbi
The People's Bank of China will establish a foreign-exchange department to help manage the appreciation of the renminbi.
Dollar pegs should be reconsidered: King
Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.
IMF to change exchange-rate surveillance methods
The International Monetary Fund (IMF) on Tuesday is to alter the way in which its monitors members' exchange-rate policies.