Exchange rate
FX market intervention key tool for emerging market economies
Central bank markets departments perform a wide range of different roles
Myanmar authorities shut banks amid growing crisis, report says
Private banks closed from August 16 to August 22 amid ongoing cash crisis, reports allege
Less chance of “taper tantrum” in emerging markets – Dallas Fed paper
Emerging markets have larger dollar reserves to meet financing disruptions
The IMF’s $650bn SDR allocation and a future ‘digital SDR’
Focus is needed on widening SDR use in payments and the creation of a ‘digital SDR’, to support a large allocation of ‘official’ IMF SDRs, writes Warren Coats
China’s capital controls: here to stay?
With China’s share of the domestic central government bond market significantly increasing in just a few years, and the International Monetary Fund including the renminbi in its special drawing rights basket of currencies, China is enjoying growing…
The evolution of the renminbi
Central Banking speaks to five policy-makers about their thoughts on the prominence of the renminbi within central bank reserves following its inclusion in the International Monetary Fund’s special drawing rights.
Vietnam central bank and US Treasury sign currency pact
US had briefly labelled Vietnam a “currency manipulator”
South African Reserve Bank: the first 100 years
Central bankers and academics reflect on a tumultuous first century for Africa’s oldest central bank
The RBI’s next big question: how to normalise monetary policy?
India’s central bank needs to plan an exit from its efforts to manage the ‘impossible trinity’
Cuba bars dollar cash deposits
Country struggling with sanctions as inflation spirals
‘Fiscal distress’ can reverse exchange rate dynamics – BIS paper
Authors emphasise “contingent nature” of exchange rate response to shocks
El Salvador’s bitcoin currency experiment
Move by first nation to approve bitcoin as legal tender raises important issues
Ailing Suriname floats its currency
Defaulting country holds debt talks as inflation and corruption take toll
Governance Benchmarks 2021 report – the frameworks that rule central banks
How are central banks governed? Benchmarking data offers insights on appointments, legal structures, powers, decision-making bodies, independence and more
Iran dismisses central bank governor
Hemmati is a presidential candidate and was told this was incompatible with governorship
Former Bank of Israel governor Klein dies
Governor oversaw transition to inflation target and sometimes clashed with government
Should the Fed’s Fima facility be made permanent?
The emergency repo facility reassures reserve managers about access to dollar cash during a breakdown in the US Treasuries market
Iran governor registers for presidential run
Hemmati is one of nearly 600 candidates for the June vote who now face screening from the Guardian Council
Emerging markets pass capital flows test
BIS report concludes inflows are broadly positive, as improved EM institutions make them more resilient
Israeli reserves reach new record high
Foreign currency purchases to offset shekel’s strength boost portfolio to $194 billion
Iranian prosecutors indict former governor
Seif charged with “wasting” reserves in case that some argue is politically motivated
Iran’s central bank tries to unfreeze foreign assets
Governor seeks to reduce effects of US sanctions, but expert says nuclear talks will be key
Tajikistan central bank announces rate hike
Currency devaluation in 2020 has added to inflationary pressure
Georgia central bank orders 100bp rate increase
Worsening inflation pushes central bank to raise policy rate to 9.5%