Reserves
New governor appointed at Saudi Central Bank
Fahad Almubarak returns for a second stint as governor of Sama
Israeli reserves “well beyond adequacy” – IMF
Fund calls on Bank of Israel to cease FX purchases once inflation returns to target
Mexican president seems to make U-turn on central bank law
Bank of Mexico says draft cash law would endanger its independence
Central banks must mobilise their FX reserves
The pandemic and climate crises call for bold action, write Gary Smith and John Nugée
Bank of Israel announces major increase in FX interventions
Central bank announces FX spend in advance for first time and pledges 40% increase
Chile’s central bank to boost reserves by over 30%
CBC will purchase $12 billion to bring reserves to 18% of GDP before IMF credit line ends
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
Bank of Israel increases FX interventions to tame shekel
Central bank’s foreign reserves reach new record level
Argentinian central bank puts cap on imported luxury goods
BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion
Turkish central bank led global gold sales in November
WGC says higher local demand boosted gold trading between banks and CBRT
2020: The year in review
The past 12 months have been marked by crisis-fighting and losses, but also innovation
Central Bank of Iraq devalues currency by 23%
Oil-dependent economy has been hit hard by coronavirus shock
Economists earn more than number-crunchers at central banks
On average, statisticians take home 88% of what economists earn
A ‘love-hate’ relationship with ESG screens
Screens seen as first step in adopting ESG practices, so why do so few central banks use them?
Colombia draws on IMF’s FCL funds for first time
Government resorted to $5.4 billion drawing to help meet higher pandemic financing needs
BIS paper explores reasons for large gold reserves
Researcher says large holdings can be justified, but only for some purposes
Sri Lanka’s central bank picks Simcorp to manage reserves
Platform will handle both internally and externally managed funds
NBG paper develops early warning system for external risks
Georgia’s current account deficit and dollarisation create vulnerabilities, authors say
Public policy lines blur: implications for reserve managers
Crisis-fighting has pushed central banks into new forms of risk-taking, which is impacting reserve managers
Powell, Lagarde and Bailey express caution on CBDCs
Jay Powell says Fed must get any future CBDC right, rather than “being the first”
Israeli reserves grow marginally in October
Portfolio grows due to FX purchases and government transfers from abroad
Colombia’s governor to leave central bank in December
Departure could open door to Ana Fernanda Maiguashca as first female governor
Central banks become net gold sellers for first time in 10 years
Sales by gold producers Turkey and Uzbekistan lead decline in global holdings
Equities have passed the Covid-19 test, reserve manager says
The higher yield and resilience these assets offered in 2020 may further boost reserve diversification