Reserves
Asia can fight speculators without its own IMF
The Indonesian authorities plan to seek $6 billion in standby funds from Japan to bolster the country's depleting foreign reserves has seen the Indonesian currency slump to a four-year low, this article published on Tuesday 6 September reports.
Comment: How to account for gold?
Opinions on whether gold is a good investment for central banks vary, but what is beyond dispute is that the different methods of accounting for gold in their balance sheets and income statements is a source of endless confusion.
Comment: Governments eye foreign reserves
Two dimensions of official sector reserves receive a lot of attention in the press, in policy circles and from market analysts: foreign reserves held by central banks and public pension funds.
Colombian central bank to sell reserves to govt
Colombia's central bank said on Tuesday 16 August that it will sell more foreign reserves to the government, in a similar deal to a $1.25-billion sale carried out earlier this year to pay off a debt.
Argentina rebuilds
A re-equipped central bank is able to tackle mounting inflationary pressures in Argentina as the economy prospers, explains Martin redrado
Interview: Li Ruogu
In this exclusive interview, the deputy governor of the People’s Bank of China provides the background to the recent reform of its exchange rate system, the current monetary policy, China’s role in the international monetary system and its reserve…
Belgium's central bank offloads 30 tonnes of gold
Belgium's central bank said on Wednesday 10 August it had sold 30 tonnes of gold in July and August, leading to an increase in the yield on its assets.
Is Japan ready for 50-year debt?
The Japanese government bond market is the world's biggest, but also among the least international, according to this article published on Monday 8 August. Perhaps the U.S. Treasury's move to issue new 30-year debt early next year will encourage Japan to…
Malaysia reports reserve increase
The international reserves of Bank Negara surged to RM298.7 billion (US$78.7 billion) as at 29 July. This was a RM12.89 billion increase from the 15 July figure, the BNM said.
Study says euro could be top reserve by 2022
A paper published this week says the euro could replace the dollar as the world's dominant reserve currency within 20 years if Britain and other EU countries adopted the unit and the US currency continues to slide.
South Africa cuts dollar buying in July
Data released by the South African Reserve Bank (SARB) on Friday 5 August showed that it had lowered its dollar purchases in July.
Study says rupee almost pegged to dollar
A study presented to the Singapore Economic Review Conference on Friday 5 August suggests the Indian rupee is virtually pegged to the US dollar, despite the RBI saying it adopts a "managed float" for the currency.
IMF statement on G-8 proposal for debt relief
Rodrigo de Rato, Managing Director of the International Monetary Fund, issued a statement after Wednesday's meeting to discuss the proposal for HIPC debt cancellation agreed by the G-8 Summit on 8 July.
HKMA's Pang on the Retail Bond Issue
In a speech given on 18 July Peter Pang of the Hong Kong Monetary Authority said the upcoming Retail Bond issue has both Hong Kong Dollar and US Dollar denominated notes. This is the first time that the HKMC issues US Dollar notes.
Pressure on Asia to shift reserves
Asian central banks may have to shift up to $500 billion in reserves from dollars to euros and yen or risk foregoing $28 billion a year in potential revenue, according to a report published by Goldman Sachs Group.
MAS's Keat on managing risks, fostering innovation
In the speech 'Managing risks, fostering innovation' given on 14 July Heng Swee Keat of the Monetary Authority of Singapore said our aim is to maintain a supervisory framework that is robust and responsive.
Venezuela's president signs central bank reforms
Venezuelan President Hugo Chavez has signed a partial reform to the Central Bank Law to authorise investing six billion US dollars of hard currency reserves in social programs.
Venezuela passes foreign reserves reform bill
Venezuela's Congress on Tuesday 19 July approved a reform bill giving the government access to $6 billion of the nation's international reserves.
RBNZ's new bond lending facility
The Reserve Bank of New Zealand announced on Thursday 14 July that, as from 18 July 2005, it will operate a bond lending facility.
BoE paper: Bank loans versus bond finance
This Bank of England Working Paper published on 11 July develops a model to analyse the optimal choice between bank loans and bond finance for a sovereign debtor.
RBI's Reddy on challenges in a globalising economy
In a speech on 'Overcoming challenges in a globalising economy : Managing India's external sector' given on 23 June Y.V. Reddy of the Reserve Bank of India said the bank is unlikely to yield to pressures for significantly accelerating the pace of…
Russia ranked world's fifth in reserves
Russia ranks the world's fifth in terms of its international reserve assets (for gold and foreign exchange reserves), Prime Tass economic news agency reported on Friday 1 July.
Korea launches reserve management agency
South Korea launched an independent agency Friday 1 July which will manage part of its foreign exchange reserves, seeking to boost investment returns.
Redrado says Argentina needs to reach IMF deal
Argentina's central bank governor Martin Redrado said on Sunday 26 June that it is important for the country to reach a loan accord with the International Monetary Fund to repay debt.