Reserves
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.
Gulf central banks plan single currency reserve
Gulf central banks are creating a reserve to support the single currency that is on track to be launched by 2010, the UAE Central Bank governor has said.
Venezuela central bank transfers US$3bn
Venezuela's central bank has transferred US$3 billion of its foreign exchange reserves to a newly created fund to support public projects, the finance minister said Friday 23 September.
RBA to dispose of gold coin holding
The Reserve Bank of Australia said on Wednesday 21 September that it has decided that it does not need to continue to hold the large quantity of gold coins it has held for many years.
Central Bank of Argentina - a changed view on gold
This article published Monday 19 September says the Central Bank of Argentina has now changed its philosophy and was a purchaser of gold during 2004 as it reshaped its portfolio and may consider taking more in the future along with other Latin American…
Comment: Gold stages a comeback
With the gold price hitting 18-year highs, it is about time there was serious re-thinking among central bankers with regards to holding gold as a part of their reserve portfolios.
Colombia central bank plans reserves sale
Colombia's central bank said on Friday 16 September it cut interest rates by half a percentage point and would sell at least $3 billion in international reserves to the government.
China's forex regime poses fresh puzzle
An article published on Tuesday 13 September says China's new rules for its currency regime could mean the country may be forced to battle the nearly $2 trillion-a-day global forex market to try to control the dollar, euro and yen exchange rates.
Vietnam to maintain compulsory reserves ratio
Vietnam's central bank said on Thursday 15 September it will not raise the compulsory reserve ratio banks must keep aside.
Argentina mulls increasing gold reserves
Argentina's central bank may increase its gold reserves as a hedge against inflation and to protect it against financial crises, according to Juan Ignacio Basco, the bank's head of market operations.
Comment: Managing Asian reserves
The accumulation of foreign-exchange reserves by Asian central banks is one of the most talked-about developments in international finance in recent years. Arguably, it is also one of the most misunderstood ones too - its causes and consequences being…
BOT soldiers guard the nation's finances
This article published on Monday 12 September looks at the Bank of Thailand's reserve management team. There's no longer concern about over-reacting if speculators come pounding at the barriers again, as they did in 1996-97, it says.
Fukuma sees risk from maintaining reserve target
Katsutoshi Fukuma, a member of the Bank of Japan's policy board, said in a speech he now sees rising risks in maintaining the bank's present 30-35 trln yen liquidity reserve target range, and he reiterated his call for a reduction.
Russia won't increase euro reserves
The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.
Malta holds foreign reserve management workshop
The Central Bank of Malta has hosted a two-day workshop in conjunction with the European Central Bank on the implications of euro area membership for foreign reserve management by national central banks.
PBOC to avoid triggering forex volatility
People's Bank of China chief Zhou Xiaochuan has vowed that the bank will not begin any changes in the management of its foreign exchange reserves that could introduce market volatility.