Reserves

Central banks could own big chunk of US Tsys-UBSW

RESEARCH - Global central banks could own the entire supply of marketable U.S. debt by the end of 2006 as growing foreign exchange reserves force them to buy more ultra-safe U.S. government debt, according to a survey of central banks conducted by UBS…

CSFB's Crisp sees more central bank gold sales

GOLD - Governments could step up gold sales in the coming decade, with even current non-sellers mobilizing bullion, but would do so with more transparency to a market dogged by uncertainty about central bank disposals, Credit Suisse First Boston's top…

Costs of forex intervention - evidence from Sweden

ARTICLE - Boo Sjoo and Richard Sweeney have published an article "The foreign-exchange costs of central bank intervention: evidence from Sweden" in the latest issue of Journal of International Money and Finance. The study supports the view that the…

Gulf to make dollar peg to monetary union-report

BAHRAIN - Members of the Gulf Cooperation Council have agreed to adopt the U.S. dollar as the sole peg for a proposed single currency for the group, senior GCC official said in remarks published by Bahraini newspapers on Apr 22.

Malaysia concedes IMF role in Asia forex swap deal

MALAYSIA - Malaysia will bow to a majority decision on whether the IMF plays any role in an Asia-wide currency swap safety net aimed at protecting countries facing balance of payments problems, Prime Minister Mahathir Mohamad said.

Tsang fights for Exchange Fund independence

HONG KONG - Financial Secretary Donald Tsang has rejected the Democratic Party's request to freeze a Hong Kong Monetary Authority plan to spend HK$4 billion from the Exchange Fund on new offices.

Best practice in debt management-IMF guidelines

ARTICLE - The IMF and World Bank have published a final version of their report "Guidelines for Public Debt Management". The IMF drew up the guidelines to assist governments "build capacity for managing their debt" which would consequently "reduce their…

HKMA - Fiscal Reserves and the Exchange Fund

ARTICLE - Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly column on the HKMA website explains how the exchange fund and the government's fiscal reserves are managed and invested together, while emphasising that they are two…

New Basel Accord reduces power of bank regulators

CENTRAL BANK RESEARCH - Wimboh Santoso from Bank Indonesia has published a paper "Capital adequacy assessment with respect to market risk". He concludes that the adoption of VaR in the banking industry will reduce the power of regulators to control banks…

ECB's anti-fraud committee-annual report

REPORT - The ECB has published the annual report of its anti-fraud committee, which is chaired by Mr. Justice John Murray. The committee concludes "it has not found any cause for concern with the functioning of the established internal control structure…

Nigeria's central bank devalues currency naira

NIGERIA - The Central Bank of Nigeria has devalued the country's currency naira by 1.8% following an unprecedented high demand for foreign exchange at the Interbank Foreign Exchange Market, Nigerian newspapers reported on Apr 11.

SNB sells another five tons of gold

SWITZERLAND - The Swiss National Bank sold 5.33 metric tons of gold in the latest 10-day reporting period ended April 10, according to SNB statistics released Apr 13.

Oman $50 million boost for Lebanese cbank reserves

LEBANON - Oman deposited $50 million with Lebanon's central bank on Apr 6 to boost foreign currency reserves and to express its support for the government's economic measures, reported the local Daily Star newspaper.

Asian countries agree currency swap network

ASIA - Asia's leading governments have put the finishing touches to plans for a network of currency swap arrangements to guard against a repeat of the 1997 regional economic crisis as concerns of a new global slowdown grow.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.