Reserves
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.
Mexico's foreign reserves at record level
Mexico's foreign reserves climbed US$358 million (euro281 million) last week to a record US$79.10 billion (euro62 billion), the Bank of Mexico reported Tuesday 11 July.
British pound passes yen in central bank reserves
According to this article by Bloomberg News published Monday 10 July, central banks around the world are increasing their holdings of British pounds.
Bank of Portugal sold 15 tonnes of gold recently
The Bank of Portugal said on Tuesday 4 July that it has sold 15 tonnes of gold from its reserves in the last few months.
UAE central bank set to enter the gold market
According to this article published Monday 3 July, the United Arab Emirates central bank will soon enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars.
Reserve Bank of New Zealand increase cash reserves
The Reserve Bank of New Zealand said on Friday 30 June it would increase the level of liquidity in the money market, but added that did not signal a change in monetary policy.
Hildebrand's reflections on the gold market
In the speech 'Reflections on the gold market' given on 26 June Philipp Hildebrand of the Swiss National Bank said even if gold has lost its role as an anchor for the international monetary system, it does not mean that it has become a commodity like any…
Hong Kong unlikely to use yuan as reserve currency
The Hong Kong Monetary Authority is unlikely to use the yuan anytime soon as one of its reserve currencies, HKMA chief executive Joseph Yam said Thursday 29 June.