Reserves
Bundesbank reports increased profits
The Bundesbank reported a net profit of 2.86 bln eur in 2005 on Tuesday 21 March, up from 676 mln a year earlier.
IMF paper on central banks and seigniorage
The IMF Working Paper "Spending seigniorage: Do central banks have a governance problem?" published March 2006 reviews how central banks allocate seigniorage, based on systematic crosscountry comparisons of their financial accounts.
China's reserves making 'impressive' return
The return on investment from China's forex reserves is "impressive", a former central bank official was quoted as saying in the official Shanghai Securities News.
Market of foreign exchange hedge in Brazil
The IBMEC Economics Discussion Paper "The market of foreign exchange hedge in Brazil: Reactions of financial institutions to interventions of the central bank" says that between 1999 and 2002, Brazil's central bank sold expressive amounts of dollar…
A dynamic model of central bank intervention
This January 2005 Working Paper from the Central Bank of Turkey examines central bank intervention in foreign exchange markets using a dynamic censored regression model.
UAE considers reserves switch to euros
The United Arab Emirates is considering moving 10 percent of its foreign currency reserves out of U.S. dollars and into the euro, the Khalij Times reported Monday 13 March.
ECB warns on further Asian reserves build-up
The ECB said in a paper published Wednesday 8 March that a further build-up of foreign exchange reserves in Asia could lead to problems such as inflation pressures and asset price bubbles.
SARB slows forex buying
The Reserve Bank of South Africa slowed its buying of US dollars to $345m last month from $1,289bn in January, figures published Tuesday showed.
Ex-Buba Milow on govt gold grip
In Saturday's issue of Frankfurter Allgemeine Zeitung, the former Bundesbank branch office manager Christian Milow wrote at length about "The grip of the government on gold" ("Der Griff des Staates nach dem Gold").
China won't cut dollar reserves - PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan said in an interview that the country will not reduce its US dollar foreign exchange assets but intends to adjust the mix of its reserves.
PBOC official says 'no timetable' on controls
China has "no timetable" for further easing of its foreign exchange controls, a state news agency quoted a senior official as saying on Friday 3 March .
West's gold vanishing in China once again
China will soon release statistics showing that it has passed Japan as the biggest holder of foreign currency the world has ever seen, according to this article published on Sunday 26 February.
Gold rally expected as central banks cut sales
Gold may rally in coming months as central banks reduce sales of bullion reserves, New York commodity researcher CPM Group said in its annual outlook report released Tuesday 28 February.
PBOC official sees slow dollar reserves shift
The director of the People's Bank of China's research department said on Tuesday 28 February that although China is moving toward diversifying its reserves, anyone thinking the change would be quick was misunderstanding the process.
Economist calls for cut in China's dollar reserves
Economics professor Xiao Zhuoji said in an interview published on Monday 27 February that China should cut its share dollars in its foreign exchange reserves due to risks posed by the dollar's instability.
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 October-December 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the October -…
Reservations about reserves
According to this article published on Sunday19 February, a race is unfolding in Asia involving currency reserves. The favourite in this game of monetary one-upmanship is China, it says.
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…