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Reserves

New York Fed's Foreign Exchange Operations Report

According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…

BCV director says reserves will rebound

Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.

PBOC raises reserve ratio

The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.

Zhou Xiaochuan, the one million dollar man

What can you do in one minute? Add $1 million to China's currency reserves, according to this recent article from Bloomberg. 'Simply stunning,' according to one economist who predicts big problems if things don't change.

China's FX reserves past $1.2T

China's foreign reserves have risen past $1.2 trillion, a state news agency said Thursday 12 April, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.

Uganda's Opiokello on risk management

In the speech 'Business continuity and risk management regional workshop in Uganda' given on 5 February David Opiokello of the Bank of Uganda said regional efforts towards a common monetary and political union of the countries in the region continue.

Bernanke says Chinese $ holdings not problem

China`s accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, Federal Reserve chairman Ben Bernanke said in a letter dated 16 March but released on Monday 27 March.

China's Wen says investment won't affect dollar

China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.

China's giant new investment agency

According to this article from BusinessWeek Online, published Tuesday 13 March, China's soon-to-be state investment arm will be a major asset-management entity globally.

China announces reserve fund plan

China's finance minister announced Friday 9 March the country is creating an investment company to make more profitable use of its $1 trillion in foreign currency reserves.

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