Foreign exchange
World is not running out of safe assets – BIS’s McCauley
Supply of safe assets can comfortably meet demand at present, BIS economist says
Fed must account for spillovers of monetary policy – Yellen
Janet Yellen reflects on Fed monetary policy and “treacherous” currency manipulation in Brookings podcast
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX, following FCA audit
Riksbank to transfer Skr3.8 billion to Treasury
Profits have varied widely in recent years
Renminbi reserves are still relatively small
Renminbi investments still account for a much smaller fraction of global forex reserves than China’s significance in the world economy would merit
Myanmar adds yuan and yen as trade-settlement currencies
Move comes as yuan use rises and dollar use falls, analysts say
Lifetime achievement: Zhou Xiaochuan
The former People’s Bank of China governor stands out for his high levels of integrity, intellectual rigour and bold reforms that have served the public interest in China and elsewhere
Israeli reserves increase sharply in January
Higher equity prices contributed to improved performance of investment portfolio
Canadian deputy governor explains reserves regime
Floating exchange rate, asset-liability matching and liquidity focus do not demand bigger portfolio
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Jamaica’s Wynter says forex volatility is nothing to worry about
Central bank uses social media to calm markets after forex intervention
Guinean central bank benefits from reform programme – IMF staff
Bank has improved internal systems and lowered financing of government, staff report says
UAE deposits $3 billion with State Bank of Pakistan
Deposit comes as Pakistan’s foreign exchange reserves dwindle and IMF talks continue
Argentina resumes forex interventions as peso rises
Central bank bought dollars in January to depreciate peso and keep it within non-intervention zone
Financial market infrastructure services: ParFX
The foreign exchange platform has pioneered a market-driven effort to tackle concerns about poor market behaviour and distrust in the $5 trillion-a-day market
Brexit unlikely to affect sterling’s reserve currency status
No-deal scenario could put major downward pressure on the currency
Innovation in reserve management: BNP Paribas Asset Management
The asset manager developed new fixed income investment strategies in 2018 that have delivered strong returns and diversification for clients, while also offering practical training support
Lebanese central bank orders wire services not to use dollars
Economy under strain from political division, fiscal shortfall and refugee crisis
Rise of renminbi prompts central banks to open Asian offices
A total of nine central banks now have offices in Asia, but New York remains city of choice
Ukrainian central bank plans major forex liberalisation
NBU says foreign currency reserves are highest since before revolution
Coomaraswamy sees hope for IMF programme as political crisis fades
Sri Lankan Prime Minister reinstated, paving the way for economic reforms; central bank close to adopting flexible inflation target
Iran to cut four zeros from currency
Currency continues to depreciate, inflation climbs and growth slows
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
‘Key currencies’ affect patterns of global imbalances – BIS paper
Authors say it is important to think about a “dollar zone” not just the dollar