Reserves
Bank Negara's reserves reach new high
Bank Negara Malaysia's foreign reserves reached a new high of RM264.66 billion (US$69.64 million) in the second half of January, due partly to larger inflow of portfolio funds.
Russia's euro reserves increase
The euro now accounts for one third of Russia's foreign currency reserves, a top official from Russia's central bank said on Tuesday 8 February.
Iraq to earn income on reserves via NY Fed account
The central bank of Iraq is to be allowed to open a deposit with the Federal Reserve Bank of New York which will earn it millions of dollars in vital interest income, US Treasury Under Secretary John Taylor said on Tuesday 8 February.
IMF's gold to help relieve Third World debt?
Gold prices struggled to hold key support in Europe on Monday 7 February following confusion over what the IMF might do with its huge gold reserves to help relieve Third World debt.
BoE's King on the International Monetary System
In a speech on 'The International Monetary System' given on 4 February, Mervyn King of the Bank of England urged members of the Group of Seven industrial nations to agree "on the nature of the risk" and collaborate with China and India to rebalance…
South Africa urged to avoid rand intervention
A senior World Bank economist on Monday 31 January praised the South African Reserve Bank's strategy of cautiously accumulating foreign reserves and said a deliberate weakening of the rand could have negative consequences for the economy.
Nigeria may move from dollar reserves
The Central Bank of Nigeria may consider reducing Nigeria's exposure to the United States dollar by moving the country's reserve towards the pound sterling and euro as a result of the continuing decline in the value of the dollars, a press report in…
Norges Bank's foreign exchange purchases
Norges Bank said on Monday 31 January that it will not purchase foreign exchange for the Government Petroleum Fund in February.
Wellink says Asia can't maintain dollar buying
Asian central banks cannot continue buying up US dollars forever and the US will have to take action to cut its budget deficit, European Central Bank governing council member Nout Wellink said on Wednesday 26 January.
Eurosystem reserves up 0.9 bln eur to 155.8 bln
The European Central Bank said on Tuesday 25 January that net foreign currency reserves in the euro system rose 0.9 bln eur to 155.8 bln in the week ending 21 January.
Hildebrand on managing the SNB's assets
In a speech on 'Developments in the international financial markets and managing the Swiss National Bank's assets' given on 16 December, Philipp Hildebrand of the Swiss National Bank said the SNB's leeway for investment has extended considerably since…
Atlanta's Guynn: cbs adding euros for 6 months
Foreign central banks have been adjusting their reserves to add euros for the past six months and the process has so far been "very smooth," Atlanta Fed president, Jack Guynn said in a speech.
Inquiry into Central Bank of Iraq's missing $300m
US authorities are investigating why $US300 million in American bills was taken out of Iraq's Central Bank this month and flown to Lebanon, the American ambassador to Iraq said.
Foreign central banks resume buying debt says Fed
Data released on Thursday 20 January by the Federal Reserve showed foreign central banks resumed buying US Treasuries in the latest week, but cut their agency holdings for a second week.
China's reserves top US $500bn in 2004
China's foreign exchange reserves hit a record US$609.9 billion in 2004, soaring at a rate of US$206.7 billion over 2003, according to the People's Bank of China.
Eurosystem for ex reserves down 0.7 bn
The European Central Bank said that net foreign currency reserves in the euro system fell 0.7 bln eur to 154.9 bln in the week ending 14 January.
NY Fed's Geithner on risk management challenges
In a speech on 'Key challenges in risk management' given on 13 January, Timothy Geithner of the Federal Reserve Bank of New York said a set of pressing macroeconomic problems has increased the probability of shocks to global financial prices.
Riksbank reallocates its gold & currency reserves
The Sveriges Riksbank announced on Tuesday it has up to the present date sold a total of fifteen (15) tonnes of gold under the renewed Central Bank Gold Agreement (CBGA), established between fifteen European central banks.
SA's Manuel backs plan to sell IMF's gold
South Africa would back a British proposal to use International Monetary Fund (IMF) gold reserves to write off the debts of poor countries, finance minister Trevor Manuel said on Monday 17 January.
SAMA chief sees greater role for euro
The head of the Saudi Arabian Monetary Authority said that although he didn't see any new shift in world currency reserves from dollars to euros, he expected the single currency to have a greater role in the future in terms of international reserves.
Federal Reserve Bank transfers to US Treasury 2004
The Federal Reserve Board on Friday 7 January released figures that indicate the Federal Reserve Banks distributed approximately $18.086 billion of their $23.541 billion total income to the U.S. Treasury during 2004.
Hong Kong's latest foreign currency reserves
The Hong Kong Monetary Authority (HKMA) announced on Friday 7 January that the official foreign currency reserve assets of Hong Kong amounted to US$123.6 billion at the end of December 2004, up from US$121.5 billion at end-November 2004.
HKMA's Yam says dollar may become less popular
The dollar may become ``less popular'' as a reserve currency should record U.S. current-account and budget deficits persist, said Joseph Yam, chief executive of the Hong Kong Monetary Authority in an article published by the HKMA on Thursday.
Chavez calls for BCV president's resignation
Venezuelan president Hugo Chavez called on Diego Castellanos, president of the country's central bank, to step down from his post as the row over the distribution of the central bank's reserves continues.