End of trend is nigh for central bank sales of gold Nov 17, 2009
Only US capital markets are deep and liquid enough to accommodate China's official reserve assets. Moving out of US dollar-denominated assets would also require China to adopt a more flexible exchange rate regime. (Sydney Morning Herald -- Business)
Bank Negara reserves at RM335b Nov 7, 2009
1bil) and other reserve assets (US$6. 3bil). (The Star Online, Malaysia -- Business)
Inflation fears threatenUS creditworthiness Oct 27, 2009
Provided there is sufficient political will, bonds issued by poor countries can be funded by an international financial institution, which can in turn issue its own liabilities that can function as reserve assets alternative to the US Treasuries, which the surplus countries can invest in. This would not only relieve the tension on the dollar but also help revive the recycling of global imbalances on sound footing. (Asia Times Online)
Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development Communiqué Oct 5, 2009
Ministers welcomed the general SDR allocation of $250 billion, which has boosted the reserve assets of emerging markets and developing countries. They called on the IMF to consider steps to enhance the use of the SDR in the international monetary system. (IMF News)
Volcker: Emerging Economies Threaten U.S. Oct 3, 2009
According to Bloomberg, China, Russia, Brazil and India together hold about 42 percent of international reserve assets, excluding gold. China has overtaken Germany to become the worlds third-largest economy and may soon become the biggest exporter, surpassing Japan a year ago as the main foreign investor in U.S. government debt. (Newsmax)
India owes $82.5bn to foreigners Oct 3, 2009
Among the external financial assets, reserve assets held by RBI, including foreign currency assets, IMF reserve position, special drawing rights and gold, increased by $13. 2 billion and stood at $265. (India Times, India -- Intl Business)
Lex: The myth of rebalancing Oct 3, 2009
A year ago, Asia held 62 per cent of the worlds reserve assets; it now holds 66 per cent.. EDITORS CHOICE. (FT.com -- Markets)
Roubini: No Plausible Alternative to Dollar Sep 30, 2009
Yet the most vocal U.S. creditors, like Russia and China, are likely to make only very muted calls for new reserve assets and fiscal consolidation in the U.S.. Roubini indicates the airing of dollar solvency concerns by creditors back in June only increased market pressure on the U.S. dollar. (Newsmax)
Group of Eight Replaced by G-20 as Main Economic Forum, White House Says Sep 26, 2009
China, Russia, Brazil and India together hold about 42 percent of international reserve assets, excluding gold. You cant possibly have a mechanism for sustaining global economic stability without including China, said , an outside adviser to President and former chairman of the White House Council of Economic Advisers under President. (Bloomberg -- Canada)
Bankruptcy ahead Sep 22, 2009
And during this period Federal Reserve assets ballooned $1. 111 trillion, or 117%, to $2. (Asia Times Online)
The Global Financial Crisis and Low-Income Countries -- Domestic and International Policy Responses, Remarks by Dominique Strauss-Kahn, Managing Director, International Monetary Fund at the Resources for the Future Sep 18, 2009
The IMF s membership also supported a $250 billion increase in Special Drawing Rights reserve assets that can be tapped on demand. All our members get some of this, in proportion to quota. (IMF News)
Fed Reserve bank president says recession ebbing Aug 28, 2009
Bullard said Federal Reserve assets could reach $2. 5 trillion by the end of 2009 - double from the start of the year. (KSLA.com, LA)
Press Release: IMF Governors Formally Approve US$250 Billion General SDR Allocation Aug 15, 2009
Members holdings of newly allocated SDRs, will count, as of the date of each of the general and special allocations, toward their reserve assets. Some members may choose to sell part or all of their allocations to other members in exchange for hard currency for example, to meet balance of payments needs while other members may choose to buy more SDRs as a means of reallocating their reserves. (IMF News)
U.S. Energy Security and Natural Gas Vehicles: A Reality Check Jul 25, 2009
The financial crunch has pushed many of these smaller firms to the economic brink, as sunken prices have substantially reduced the recoverable reserve assets producers rely upon to secure loans. This is an enduring production problem because entry fees into the shale gas business regularly run into the hundreds of millions of dollars. (Energy Pulse, CO)
Transcript of a Media Conference Call on Proposed SDR Allocation Jul 22, 2009
It is the Special Drawing Right, it s an interest-bearing international reserve asset that the IMF created in 1969 to supplement other reserve assets. So in many ways it has the same characteristics as, say, the U.S. dollar or the euro or Japanese yen that are used as reserve assets by countries ... So it has many of the characteristics of other freely usable reserve assets. (IMF News)
India to get $4.5bn from IMF Jul 21, 2009
SDRs allocated to members will count toward their reserve assets, acting as a low cost liquidity buffer for low-income countries and emerging markets and reducing the need for excessive self-insurance, the IMF said in a statement. Text Size. (India Times, India)
Press Release: IMF Executive Board Backs US$250 Billion SDR Allocation to Boost Global Liquidity Jul 21, 2009
SDRs allocated to members will count toward their reserve assets, acting as a low cost liquidity buffer for low-income countries and emerging markets and reducing the need for excessive self-insurance. Some members may choose to sell part or all of their allocation to other members in exchange for hard currency--for example, to meet balance of payments needs--while other members may choose to buy more SDRs as a means of reallocating their reserves. (IMF News)
Bank Negara: Reserves remain stable Jul 1, 2009
Its official reserve assets amounted to RM309. 12bil while other foreign currency assets amounted to RM573. (The Star Online, Malaysia -- Business)
Bank Negara: Malaysia has scope to lower interest rates if needed Jun 30, 2009
She said the central bank also invests a modest part of its reserve assets elsewhere in the Asia-Pacific region, including Australia and New Zealand. Agencies. (The Star Online, Malaysia -- Business)
Q1's flow of funds Jun 23, 2009
Federal Reserve assets declined $149bn during the quarter to $2. 122 TN, although assets were up $1. (Asia Times Online)
Balance portfolio, pick value stocks for higher returns Jun 21, 2009
BRIC nations hold 42 percent of international reserve assets, ie around $2. 8 trillion, and account for about 15 per cent of the world's economic activity and have 40 percent of the world's population. (India Times)
* Taiwan ranks No. 6 in net asset value Jun 16, 2009
3 billion, from the previous year as a result of an increase in central bank reserve assets as well as deposit and loans by domestic private banks, the bank said. The central banks reserve capital rose 7. (Taipei Times, Taiwan -- Sports)
Transcript of IMF's Bi-Weekly Press Breifing by Caroline Atkinson, Director of External Relations Department Jun 5, 2009
For many it's important to see this as an investment, an exchange of reserve assets, if you like, when they invest in the IMF. So we are not tailoring something to a particular borrower, although in each case we would have an agreement with the particular borrower, but those are the sorts of details that we are working on. QUESTIONER: Then I have a follow-up on the SDR allocation. (IMF News)
Just the facts May 19, 2009
International reserve assets (excluding gold) - as accumulated by Bloomberg's Alex Tanzi - were down $101 billion y-o-y to $6. 689 trillion. (Asia Times Online)
South Korea to Follow China in Boosting Treasury Purchases, Samsung Says Apr 20, 2009
International reserve assets climbed 2. 4 percent in March to $206. (Bloomberg -- Asia)
Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund Apr 10, 2009
The SDR is a reserve asset, so a country that has received an allocation and continues to hold that allocation in the IMF's accounts can show that holding as part of their reserve assets. Indeed if you look at the IMF's International Financial Statistics or countries' reserves data, you will see that a number of countries have SDR holdings along with other holdings of currency or gold in their reserves. (IMF News)
Global crisis has silver lining for IMF Apr 5, 2009
The 20 industrialized and developing countries backed an extra 250 billion dollars to increase the fund's reserve assets and pump liquidity into the gridlocked financial system. The summit on Thursday also set a target to more than double the IMF's concessional lending to poor countries, and endorsed the use of a portion of the IMF's planned gold sales to help finance it. (India Times)
Catholic school system has plans to attract new families Apr 1, 2009
With donations over the past few years, CACS now holds about 6 million in reserve assets. We re sitting better financially than we ever have, Britt said. (Chippewa Falls Chippewa Herald, WI)
Crisis Having "Major" Impact on Central Bank Reserve Management Mar 18, 2009
The survey of 39 central banks who control reserve assets worth $3. 2 trillion, just under 42 percent of the world's total, showed reserve managers were much more conservative and cautious last year than a year earlier. (ABC News -- Wire)
Mounting US Debt Burden Threatens Poorer Nations Mar 10, 2009
This would make their dollar reserve assets worth a lot less and further depress exports. So China and others have an interest in pushing the US to recover and become fiscally responsible. (YaleGlobal Online Magazine, CT)
Help in crisis Mar 4, 2009
Each would get an increase in SDR reserve assets, which they could use to acquire foreign currency at the IMF's prevailing SDR interest rate, which is less than 0. 5. (BBC News -- Business)
* [ BUSINESS BRIEFS ] Feb 21, 2009
27 billion, reflecting an increase in the banks reserve assets, the statement said. Asustek to buy back shares. (Taipei Times, Taiwan -- Sports)
* China promises to maintain a steady currency exchange Feb 19, 2009
By the end of 2008, the national foreign exchange reserve assets on the whole were kept safe, Deng said. We provided abundant liquidity [for the country] to cope with the crisis and at the same time we also made some profits. (Taipei Times, Taiwan -- Sports)
Peyto Energy Trust announces 2008 year end reserves and distribution adjustment Feb 14, 2009
The evaluation encompassed 100% of the Trust's reserve assets and was conducted by Paddock Lindstrom and Associates Ltd. ("PLA") in compliance with National Instrument 51-101 and in accordance with the COGE (Canadian Oil and Gas Evaluation) Handbook ... - The value (BT NPV5, debt adjusted) of the remaining Proved Producing reserve assets grew 9% to $2. (PR Newswire)
What The Global Financial Crisis Means for Sub-Saharan Africa, Speech by Mr. Takatoshi Kato, Deputy Managing Director, IMF Feb 9, 2009
The liquidity and usability of reserve assets, the status of non-performing loans in the banking sector, and the availability of trade credit deserve particular attention. Do not lose sight of your medium-term goals. (IMF News)
