Reserves
Malawi devalues currency amid FX crisis
Reports say central bank has devalued kwacha by 25% as country’s exports slump
Does Switzerland need an SWF?
A sovereign wealth fund could adopt longer-term strategies, invest in less liquid assets and increase exposures to riskier assets such as equities, potentially boosting returns
Chile signs up to IMF’s first short-term liquidity line
Revolving $3.5 billion credit will replace flexible credit line arrangement
Zimbabwe lifts lending freeze
President had announced total halt to lending in bid to defend local currency
Austria’s Partsch explains decision to raise equity exposures
Central bank boosted equity investments from 5% to 12% in the wake of the pandemic
IMF boosts dollar and renminbi weights in new SDR valuation
Euro records largest drop, while yen and sterling decline slightly
Bank of Israel reserves fall by over 4% in April
Falling equity prices are the main factor behind $8.5 billion drop in value
ECB renews repo line for Romanian central bank
Move comes after ECB creates liquidity facility for Poland and renews four other repo lines
Mexico’s García: war implies tough trade-offs for reserve managers
Banxico reserves director says acting tactically has become more difficult, and central banks may need to rethink their strategic asset allocations
Reserve managers stick to asset diversification
Higher yields not prompting central banks to abandon investments in less conventional asset classes
Reserve managers cut duration as inflation surges
Central banks with bigger portfolios tended to combine this measure with changes in currency and asset allocation, Central Banking survey finds
Turkish central bank tightens reserve regime for lenders
Central bank will also penalise lenders with high levels of foreign-denominated accounts
RBI extends Sri Lanka swap line
Island nation defaulted amid debt, currency and balance of payment crises
Nabiullina admits sanctions taking toll on Russian economy
Central bank preparing legal action in bid to unfreeze $300 billion of foreign exchange reserves
Fractures in the monetary system
Seizure of Bank of Russia assets likely to have long-term implications for international system
Reserve managers weigh risks amid Ukraine crisis
Greater investment in commodity and energy-linked assets could be wise, some experts say
ECB opens €10 billion swap line with National Bank of Poland
Central bank extends repo lines with non-eurozone counterparts until January 2023
BIS paper finds benefits from ‘deconstructing’ ESG scores
“Best-in-class” strategy can overcome problems with other approaches, authors say
Bank of Russia caps FX withdrawals and EU sanctions Belarus
Russian depositors can withdraw unlimited rubles but only up to $10,000 in foreign currency
Sudan floats currency
Decision follows adoption of single unified exchange rate
Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February
Sri Lankan central bank raises rates and clashes with power company
Energy chairman says “power crisis” has been caused by unwise use of foreign exchange