Reserves
EU sets euro exchange rate for Slovakia
The European Commission on Tuesday finalised Slovakia's bid to join Europe's single currency, fixing the koruna's conversion rate at 30.1260 to the euro.
ECB sells 30 tonnes of gold
The European Central Bank (ECB) sold 30 tonnes of gold on 30 June.
HKMA on how best to predict exchange-rate movement
Combining a number of exchange-rate forecasting models works better than relying on a single one, research published by the Hong Kong Monetary Authority reveals.
Italy's Draghi on the euro
The euro's role as an international reserve currency is set to grow, Mario Draghi, the governor of the Bank of Italy, believes.
The determinants of euro's global currency role
A research note from Deutsche Bank finds four factors that would lead to a rise in the use of the euro as an international currency by 2010.
Settlement risk in Asian FX markets "remains high
Research published by the Bank for International Settlements calls for more extensive use of intra-regional currencies after finding that settlement risk remains high in Asian foreign exchange markets.
HKMA's foreign assets fall HK$6.3 billion in May
The Hong Kong Monetary Authority has reported significant foreign asset losses for its Exchange Fund during May.
Cyprus refuses to sell gold
The Central Bank of Cyprus has rejected government calls to sell its remaining supplies of gold.
Crunch set to have radical shift on reserve trends
Central bankers are acknowledging that the credit crunch is set to have a major impact on their reserve management policies.
Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
Don't rely on rand depreciation: SA's Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, has told exporters that they should not base their competitiveness on the rand's value.
What a revaluation of the renminbi could achieve
Marvin Goodfriend underlines the limits to what an appreciation of the Chinese currency would mean for the American trade deficit
Argentina’s crippling fear of floating
Argentina’s history of crises has haunted successive generations of policymakers, argues Vladimir Werning
Central banking in paradise: 25 years of the ECCB
As the Eastern Caribbean Central Bank turns 25, Blair Baker and Giancarlo Espejo reflect on the leading role it has played in building financial markets and promoting regional integration
From villains to heroes
Avinash Persaud says we should thank our lucky stars for sovereign wealth funds
Reserve management and the credit crisis
Thomas J. Jordan identifies challenges and lessons from the current market turmoil to reserve managers.
Central banks want more action on FX risk
Central bankers have proposed a raft of measures aimed at further reducing foreign-exchange settlement risk.
No FX intervention in Q1 - NY Fed
The US monetary authorities did not intervene in foreign-exchange markets during the first quarter of 2008, the New York Federal Reserve said in its quarterly report to Congress.
Russia dismisses rouble speculation
The Central Bank of Russia moved to quash rumours of a revaluation of the rouble on Tuesday.
Prague backs CNB on move to halt koruna's rise
The Czech government will divert its foreign exchange income from currency markets, on the advice of the country's central bank, which is keen to temper the appreciation of the koruna.
Ethiopia makes arrests over fake gold scandal
Ethiopian anti-corruption officials arrested 26 people in connection with the discovery of 90 kilos of fake gold in the central bank's vaults.
The euro and Latin America
Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank, offered five lessons that can be learned from economic and monetary union in a recent speech in Brazil.
China's peg harms economy
China's exchange-rate regime, which pegs the renminbi to the dollar, exacts high welfare costs from different sectors of the economy and poses long-term risks to financial stability, claims a new paper published by the European Central Bank.