Greek cbank says no sales of euros to restructure

Greece's central bank said on Feb. 9, 2001 that it had not been selling euros as part of a restructuring of its foreign reserves but that some payment in foreign exchange had been made on behalf of the Greek government. "All these rumours that the Bank of Greece is selling euros as part of a restructuring of its forex reserves are unfounded," Deputy Governor Nicholas Garganas said.

Garganas that the bank had made some payments in foreign exchange on behalf of the Greek government and that they

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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