Reserves
Further rapid fx reserve rise undesirable - PBOC
A further rapid increase in Chinese foreign exchange reserves is undesirable, an official with the People's Bank of China told Market News.
Greenspan questions gold holding, notes usefulness
In testimony to Congress on Thursday 3 November Alan Greenspan said why the Fed holds gold is a very interesting question and it's one that has been debated at length on rare occasions within government.
Russia's gold, fx reserves exceed foreign debt
The Central Bank of Russia's gold and foreign currency reserves considerably exceed the state foreign debt and total more than $150 billion, President Vladimir Putin has said.
PBOC to expand yuan settlement operations in HK
China's central bank will allow expanded yuan-denominated business in Hong Kong after technical preparations are completed, the People's Bank of China said on Tuesday 1 November.
Venezuela's Chavez plans $5 bn reserves spend
Venezuelan President Hugo Chavez said in a TV broadcast that he plans to take an additional $5 billion in reserves from the central bank next year in order to boost spending on various projects.
China forex reserves expected to hit $820 bn
China's foreign exchange reserves are expected to total $820 billion by the end of 2005 on strong trade inflows, an economist at a government think tank said.
IMF Paper on international reserves
The IMF Working Paper "International reserves: Precautionary vs. mercantilist views, theory, and evidence" compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries.
Comment: FX interventions
Most central banks have moved away from actual foreign exchange market interventions and now use communication, or verbal intervention, as a policy instrument to influence exchange rates when deemed necessary and desirable.
NY Fed Staff Paper on Treasury securities
The U.S. Treasury announced in August 2005 that it is exploring whether to provide a backstop securities lending facility for U.S. Treasury securities. The New York Fed Staff Paper "Why is the U.S. Treasury contemplating becoming a lender of last resort…
NY Fed's Geithner on challenges in risk management
In the speech 'Challenges in risk management' given on 18 October Timothy Geithner of the Federal Reserve Bank of New York said the increased complexity of financial systems reduces the vulnerability of individual firms to risk, but adds to uncertainty…
Vietnam eases foreign currency controls
Vietnam has decided to loosen restrictions on the use of foreign currencies in the country.
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 April-June 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
Proposed BOT Bill will increase authority
Thailand's Finance Ministry is currently considering the drafts of the Bank of Thailand Bill and the Currency Bill. If implemented, the new rules will broaden the BOT's authority to manage international reserves.
Colombia central bank sold $250m reserves to govt
Colombia's central bank sold the government $250 million in foreign reserves and bought 880 billion pesos ($382 million) worth of TES Treasury bonds over the past week, the bank said on Friday 7 October.
NY Fed's Geithner says market risks have altered
The president of the Federal Reserve Bank of New York said on Thursday 6 October that changes in financial markets have raised the question of whether the financial system is more or less vulnerable to shock, and warrant an examination of risk management…
Comment: Venezuela's reserves
The Central Bank of Venezuela last week confirmed that it had liquidated more than half of its operational reserves and deposited the funds at the Bank for International Settlements (BIS).
Comment: Intervention tightrope
Central bank officials from three of the world's most important emerging markets this week made comments to the effect that they are intervening in foreign exchange markets and could continue to do so in the future. The reasons they put forward for doing…
Argentina explains: Why gold?
According to this article published on Tuesday 4 October, suggestions that the Central Bank of Argentina, along with other South American nations, might increase its gold holdings has now become a realistic scenario.
Venezuela transfers $20 bn reserves to BIS
Venezuela has transferred $20 billion worth of its reserves to the Bank for International Settlements in Switzerland, Venezuela's central bank director Domingo Maza Zavala was quoted as saying, confirming comments by President Hugo Chavez last week.
Eurosystem currency reserves down
The European Central Bank said net foreign currency reserves in the eurosystem decreased by 0.7 bln eur to 165.4 bln in the week ending 30 September.
Chavez says foreign reserves shifted to Europe
Venezuela has moved its central bank foreign reserves out of US banks, liquidated its investments in US Treasury securities and placed the funds in Europe, Venezuelan President Hugo Chavez said on Friday 30 September.
Report says China's reserves still rising fast
China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.
Why has gold been rising?
With gold reaching a near-18 year high in trading, this article published on Monday 26 September says gold bugs are now enthusiastically talking of $500 an ounce and beyond.
Riksbank reallocates gold and for ex reserves
Sweden's Riksbank said it intends to sell up to 10 tonnes of the gold reserve in the period from 27 September 2005 to 26 September 2006.