Estonian c bank end March reserves up 4.6 pct m/m

ESTONIA - The Estonian central bank said on Friday its gold and foreign currency reserves rose 4.6 percent to 13.9 billion kroons ($781.3 million) by the end of March versus 13.3 billion at end-February.

The central bank added in a statement it made net foreign currency sales of 0.7 billion kroons. Banks bought 3.9 billion kroons in the local currency and sold 3.2 billion kroons to the central bank.

The bank said notes and coins in circulation amounted to 7.7 billion kroons at end-March, just 0.8

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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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