Reserves
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
BIS's Knight on reserve diversification
In the speech 'International reserve diversification and disclosure' given on 8 September (published 25 Sep) Malcolm Knight of the BIS said powerful arguments can be made for the disclosure of the composition of official foreign exchange reserves.
Gold sales fall well below central bank pact limit
This article from the Financial Times, published Wednesday 27 September, notes that although European central banks have been big sellers of gold over the past six years, they appear to have lost their desire to sell the metal this year.
China FX levels at US$1 trillion by October-report
China's foreign exchange reserves are expected to hit one trillion US dollars by September or October, the official Securities Times reported, citing a member of the central bank's monetary policy committee.
RBI's Reddy on foreign exchange reserves
In the speech 'Foreign exchange reserves: New realities and options' given on 19 September Y.V. Reddy of the Reserve Bank of India said emerging market economies were always wary that capital flows could slow down, and foreign exchange reserves were…
China adds other currencies to reserves
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), said in an article carried in the latest issue of the Emerging Markets magazine that China has cut the proportion of US dollars assets in its foreign exchange reserve in recent…
China's mushrooming forex reserve
This article published by Asia Times Online on Tuesday 19 September says that although massive levels of foreign exchange reserves represent the strength of an economy, it brings more problems than benefits.
ECB's Weber not worried on Iran reserves threat
A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
Summers: Central banks should make reserves work
Developing countries hold $2 trillion in excess reserves, but make almost no profit on the money, former U.S. Treasury secretary Lawrence Summers said on Thursday 14 September.
China's Zhou says currency reserves 'enough'
People's Bank of China Governor Zhou Xiaochuan told reporters on Monday 11 September that policy makers might want to curb foreign-exchange reserves.
Belarussian central bank increases gold sales
The National Bank of Belarus increased sales of gold bars by 360% year-on-year to 802.9 kg in the first eight months of 2006, a source in the NBB's precious metals and stones department told Interfax.
Thai central bank wins appeal against ex-governor
A recent decision by Thailand's Supreme Administrative Court clears the way for the central bank to press for damages against former governor, Rerngchai Marakanond.
How safe are your reserves?
A case before the English courts has highlighted concerns over whether sovereign immunity applies to central bank reserves, writes Charles Proctor.
Report sees slower gold sales
With European central banks unlikely to opt to sell the maximum allowable 500 metric tons of gold in their annual quota, gold prices should benefit from the reduced physical supply, according to a report by London-based consultancy Virtual Metals Ltd.
Managing China's forex reserves
This article from The Star Online, published Friday 4 August, looks at the appropriate level for China's increasing foreign exchange reserves which will soon hit the US$1 trillion mark.
Cen bank reserve shifts not all that meets the eye
This article published Thursday 27 July by Reuters says a close look at IMF reserve data, and the dollar's moves in recent years, suggests central banks may not be undertaking conventional reserve diversification.
China needs large FX holding, says SAFE
China's economic conditions make it necessary for the holding of large levels of foreign exchange reserves, the official Shanghai Securities News reported Tuesday 25 July, citing Wei Benhua, deputy director of the State Administration of Foreign Exchange.
Lebanon's Salameh says currency 'stable'
Lebanon's currency is stable and its banks' reserves remain liquid despite the ongoing Israeli bombing campaign, the central bank governor said in an interview with Britain's Financial Times newspaper published Monday 24 July.
US says IMF gold revaluation not an option
U.S. Treasury Under Secretary Tim Adams said on Monday 17 July that it would not be appropriate for International Monetary Fund gold reserves to be revalued to support its financing to make up for reduced demand for emergency loans.
Comment: More pounds in their pockets
According to the most recent IMF data on reserve holdings, the pound sterling has surpassed the yen as the third most popular reserve currency. A number of factors could see the pound's popularity increase further.
UAE says reserves shift not political
In an interview with the Financial Times, the United Arab Emirates' central bank governor confirmed a strategic decision had been taken to move 10 per cent of its $29bn foreign exchange reserves into euros.
Dominican central bank adds UK£ to reserves
Dominican Republic is adding British pounds to its foreign monetary reserves because the United Kingdom's assets offer attractive return margins, central bank governor Hector Valdez Albizu said in an interview.