Reserves
China may shift reserves to gold - Numis
China is likely to diversify its foreign exchange holdings of more than one trln usd away from US dollar denominated instruments in favour of gold, Numis Securities said Monday 13 November.
China to stick to reserves policy - PBOC's Zhou
People's Bank of China governor, Zhou Xiaochuan, said Friday 10 November that the country has no plans to change its foreign reserves policy.
Qatar rules out reserve policy shift
Qatar central bank governor HE Sheikh Abdullah bin Saud al-Thani said Sunday 5 November that the Qatar has no plans to change its policy on foreign exchange reserves.
State TV reports China's reserves top 1trn USD
China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.
Iceland to strengthen foreign reserves
In recent months, the Ministry of Finance and Central Bank of Iceland have been engaged in discussions on strengthening the Central Banks foreign reserves, the central bank said Friday 3 November.
PBOC advisor plays down dollar risk to reserves
A senior People's Bank of China advisor has tried to calm fears over risks posed to the country's huge stock of dollar reserves by a slide in the value of the US currency.
Who wants to be a trillionaire?
According to this article from The Economist, published Thursday 26 October, China's foreign-exchange reserves are likely to top $1 trillion as October ends, but what to do with the money poses many problems.
Researcher says China should diversify reserves
A China-based researcher said in an interview published in the overseas edition of the People's Daily on Monday 30 October that China urgently needs to improve the management of its foreign exchange reserves by diversifying the holding to include natural…
UAE considers reserves options
The UAE's central bank might cut its dollar holdings by anything up to 50% and is looking at the yen, euro and sterling as alternatives, the central bank governor said. It was also announced that Bahrain and the UAE would compete to host the GCC central…
Nigeria's Soludo 'pressured' on foreign reserves
The governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said he is under pressure from politicians to use the central bank's foreign reserves.
Plundering China's reserves
According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.
Fiscal indiscipline eroding Swaziland's reserves
A recent report suggests that fiscal indiscipline by the government has eroded Swaziland's foreign reserves in the past years.
Optimal reserve levels in emerging markets
The International Monetary Fund Working Paper "The optimal level of international reserves for emerging market countries: Formulas and applications" presents a model of the optimal level of international reserves for a small open economy that is…
How big will China's foreign reserves get?
According to this article published by the People's Daily Online on Monday 23 October, China's foreign exchange reserves will exceed $2,000 billion by the end of 2010.
Reserve diversification - Danger for the dollar
According to this article published Tuesday 17 October by Daily FX, Russia has reignited the hot topic of reserve diversification and this time it is to the benefit of the Yen.
Russia investing some reserves in Japan's yen
The Central Bank of Russia (CBR) has begun investing gold and foreign currency reserves in Japanese yen, CBR first deputy director Aleksei Ulyukayev told a conference on Monday 16 October.
PBOC's Wu comments on rates, use of reserves
The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.
BIS paper on the euro as a reserve currency
The BIS Working Paper "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?" investigates whether euro financial markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with…
China FX regime suitable, says PBOC's Fan
People's Bank of China advisor Fan Gang said Tuesday 10 October China has few alternatives to the dollar in terms of its reserve holdings, despite the risk of losses if the greenback falls.
Official says Syria converts some reserves to euro
The governor of Syria's central bank was quoted by AP on Tuesday 10 October as saying that the bank had converted half of its foreign currency reserves from U.S. dollars to euros.
South Korea says has enough reserves if needed
South Korea has sufficient reserves to keep stability on the local currency market after North Korea said it tested a nuclear device on Monday 9 October, a senior central bank foreign exchange official told Reuters.
GCC dollar reserve shift unlikely
Oil-producing GCC countries, which hold most of their currency reserves in dollars, are unlikely to move away from the greenback, according to the IMF's director for the Middle East and Central Asia.
Buba says no gold sales until Sep 07
Germany's central bank said Thursday 5 October it doesn't intend to sell gold reserves during the next 12 months except some sales for coinage.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.