Reserves
Gold may sustain highs over 2003
Research from Macquarie Research Equities argues that gold will maintain its strength throughout 2003, supported not only be war fears, but wider geopolitical worries.
Korea's central bank props up markets
Following another corporate accounting scandal, the Bank of Korea has intervened to in Korean money markets, according to a BBC news report.
What central banks do with their dollars
ARTICLE - The events of September 11 reversed a 25-year trend of central bank reserve managers accepting greater risk in their portfolios, argues a paper in the latest BIS quarterly review.
Fillip for Zimbabwean gold producers
New rules from the government mean Zimbabwean gold producers will receive the market price from the Reserve Bank for the gold they produce.
Brazil's Palocci sees IMF loan despite inflation
Finance minister Antonio Palocci said he expects the next tranche of Brazil's record IMF loan to be approved despite an increase in inflation in the country.
Canada's gold reserves fell last month
Canada's finance department revealed on Wednesday that it had sold part of its gold holding, with the proceeds to be used for buying other foreign currency securities.
Russia's gold and for ex reserves continue to rise
Russia's central bank has announced increased reserves of 0.8% for gold and foreign exchange. This represents a new record.
Taiwan's forex reserve hits another record high
The Central Bank of China's monthly report showed an increase in foreign exchange reserves in February taking Taiwan's reserves to a record high.
World Bank wants Venezuela to lift for ex controls
The World Bank has said Venezuela's currency controls are transitory and can only work temporarily.
ECB Press Release, 28 Feb
PRESS RELEASE - Annual publication of the List of Monetary Financial Institutions and institutions subject to minimum reserves as at end-December 2002, 28 February.
Mexico central bank net assets fall, reserves rise
Mexico's central bank reported increased reserves but also announced a decline in its net assets due to factors including expenditures from federal government operations of $624 million.
Russian gold reserves reach a new record
Russia's central bank has announced record gold reserves, increasing to 52.7 bn dollars.
Bank of Portugal Press Release on gold
PRESS RELEASE - Banco de Portugal informs that during February 30 tons of its gold reserves were sold, 25 February.
Portugal sells gold to diversify reserves
Bank of Portugal sells gold for "diversification of the external reserves".
Fraser silent on Iraqi-Australia gold deal
A magazine has suggested Australia was paid a large sum of gold in 1991 as part of an export deal.
RBI issues risk management guidelines
In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.
Russia posts another rise in gold reserves
Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.
Iranians turn to gold as war casts its shadow
Iran's central bank has introduced measures designed to bring down soaring gold prices, including easing procedures for the importation of gold and silver bullion, a bank official, Jalal Jalilian, was quoted as saying Tuesday.
Venezuela's Zavala - No for ex trading until March
According to Central Bank of Venezuela (BCV) Director Domingo Maza Zavala, foreign exchange trading will continue to be suspended until the end of February to allow government and Central Bank officials enough time to implement the controls.
Management of reserve assets
SAMA employs tranching as a means of managing diversification of assets to improve the return on its reserve portfolio.
BCV director insists forex controls are essential
According to Central Bank of Venezuela (BCV) director Domingo Maza Zavala, the foreign exchange controls implemented by the government Thursday are essential for control of the economy, particularly in such troubled times.
Romanian national bank reserves exceed $7.5bn
The international reserves of the National Bank of Romania (BNR) exceeded 7.5bn dollars (6.9bn euro) as of 31 January 2003, of which gold stood at 1.25bn dollars.
Gold price soars on war talk concerns
Worries that US Secretary of State Colin Powell's speech on Iraq could be a harbinger of war sent gold soaring to a six-and-a-half year high on Wednesday as investors piled into the traditional safe haven in times of trouble.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.