Reserves
SARB may increase gold reserves
The South African Reserve Bank might increase its gold reserves, its head said Tuesday, but gave few details.
Comment: Bold plan for FX reserves
Sometimes unique policy dilemmas require unorthodox policy responses. A recent IMF discussion paper offers a bold suggestion for central banks facing increasingly sharp trade-offs related to the management of their foreign exchange reserves.
'Keep it simple' says Hong Kong's Yam
In a speech at the Global Bond Summit in Hong Kong this week, Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, identified "possible directions to be explored" by the Asian Bond Fund.
CBs to buy more gold - Rogoff
Kenneth Rogoff told delegates attending a precious metals conference in Johannesburg that he expects central bank gold sales to be reversed in time.
A decade of reforms at the Riksbank
Lars Heikensten explains why the world’s oldest central bank had to modernise
The Riksbank’s ongoing efficiency drive
This article, the first in a special feature modernising central banks, looks at the Riksbank’s drive to improve efficiency in cash handling, payment systems and reserve management.
An insider looks back at the Greenspan Fed
Edward Gramlich, who recently retired as a Federal Reserve governor, discusses some highlights of his term in office with Blair Baker and Erin Kogan.
Colombian CB continues to sell reserves
The Colombian central bank sold $114 million in foreign exchange reserves to the government last week.
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 July-September 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
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…