Reserves
Nigeria introduces new Forex system
Nigeria introduced the new wholesale Dutch Auction System (DAS) of foreign exchange allocation on Monday 20 February to replace the old retail DAS in a bid to further liberalise the country's Forex system.
Hong Kong may build gold warehouse for China
Hong Kong may soon build a bonded warehouse at its airport to store gold and make the Chinese territory a regional trading hub while feeding rising demand from mainland China, industry officials were quoted as saying on Tuesday 21 February.
Comment: Bundesbank stands firm
Leading members of the German parliament are very upset about the refusal of the Bundesbank even to talk about the sale of its gold reserves. In what is turning into a litmus test of its independence, the German central bank has, thus far, stood firm.
Chavez demands more BCV reserves
President Hugo Chavez' government has asked the Central Bank of Venezuela (BCV) for a new transfer of surplus official reserves to the executive branch.
Bundesbank gold sale rule change dropped
The German government and the Bundesbank have agreed to end a long-running squabble over the use of Germany's gold reserves, the finance ministry announced.
Should reserve management be farmed out?
Why some do and some don’t outsource reserve management. Nick Carver reports.
Greenspan remains relevant in gold debate
This article published on Friday 10 February looks at recent comments by Alan Greenspan that the recent strength of the gold price is all down to the uncertain international political situation. Overnight developments in the US support Greenspan's thesis…
Let's cut the bullion about holding gold
This article published on Saturday 11 February asks whether the Reserve Bank of Australia has made a costly blunder in its management of Australia's international reserves. This task is surely a litmus test of a central bank's financial acumen, it says.
Report says China to set up reserve centre
The People's Bank of China will set up a foreign reserve operations center in Shanghai, the China Business News has reported.
Central banks invest in riskier assets
Just under half of the central banks responding to a recent survey have increased their investments in "new" asset classes in the past year.
Big reserve holders in Asia
The president of the Asian Development Bank, Haruhiko Kuroda, told Dow Jones newswires yesterday that "emerging economies in Asia are well advised to decelerate the accumulation of foreign exchange reserves". "Many of them have more than enough", he said.
German gold debate rages on
The debate in Germany about the Bundesbank's gold reserves and salary bonuses is continuing.
German govt, Bundesbank set for gold clash
A long-simmering squabble between the German government and the Bundesbank over the use of Germany's massive gold reserves may come to the boil again as a result of new legislation drafted by the finance ministry, the Financial Times reported.
Report says Germany may create gold sale fund
Germany may create a special fund for the proceeds of Bundesbank gold sales in a move which could help ease central bank opposition to the sale of part of its huge reserves, according to a draft law quoted by Reuters on Thursday 2 February.
Barbados's Williams on foreign exchange reserves
In the speech 'Foreign exchange reserves - how much is enough?' given on 2 November Marion Williams of the Central Bank of Barbados said we need to develop new measures of foreign exchange adequacy, with some urgency, before we can draw conclusions as to…
So much forex reserve, is it a blessing?
After recent figures showed China is not far behind Japan, the world's largest holder of foreign exchange reserves, this article published on Thursday 26 January asks: is it a blessing to have such an enormous forex reserve?
Report says CB gold sales won't meet quota
HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.
Zhou says dollar weighting less than 50%
The weighting of the dollar in China's currency basket used as a reference to value the yuan is "much less than 50 percent," according to the People's Bank of China governor.
Iran clarifies rumours on reserves shift, gold
Mohammad-Jaafar Mojarrad, Iran's central bank vice-governor, told the Financial Times on Tuesday that Tehran had withdrawn foreign reserves from Italian banks but not from other parts of Europe.
PBOC will make better use of yuan band
China intends to use of the yuan's six-month old trading band in a better way, rather than doing another one-off revaluation, a senior Chinese central banker said on Wednesday 25 Janaury.
Foreign reserves: a dilemma of success
According to this article published Friday 20 January, China is caught in a dilemma between relieving the pressure for the yuan's value to rise and tempering the growth of money supply.
Thailand to host ACD forum in April
The Asian Co-operation Dialogue (ACD) forum will take place in Bangkok from 30 April-1 May.
Iran confirms reserves transfer
The head of the Central Bank of Iran has indicated that Tehran has already started shifting its foreign hard currency reserves amid the threat of sanctions, Iranian media reported on Friday 20 January .
IMF repayment hits Brazil's reserves
Brazil's international reserves stood at US$ 53.8 billion at year-end 2005, down US$ 10.5 billion from November, the central bank said.