Opalesque Sovereign Wealth Funds Briefing » Reserve Currencies http://www.opalesque.com/SWF_Briefing Wed, 22 May 2013 02:06:32 +0000 http://wordpress.org/?v=2.5.1 en Trinidad & Tobago among top 10 in resource governance http://www.opalesque.com/SWF_Briefing/?p=13204 http://www.opalesque.com/SWF_Briefing/?p=13204#comments Fri, 17 May 2013 01:20:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13204 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13204>Article Link</a> According to Revenue Watch’s Resource Governance Index, Trinidad and Tobago ranks 10th out of the 58 countries surveyed, scoring relatively high for publishing timely, regular reports on oil and gas production, prices and exports as well as sound Heritage and Stabilisation Fund governance. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13204 Serbian April foreign-exchange reserves fall on debt repayment http://www.opalesque.com/SWF_Briefing/?p=13189 http://www.opalesque.com/SWF_Briefing/?p=13189#comments Wed, 15 May 2013 03:43:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13189 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13189>Article Link</a> Serbia’s foreign-exchange reserves fell 5.84 percent in April from the previous month as the government repaid half of its outstanding debt to the London Club of commercial lenders. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13189 Nigeria: Crashing oil prices might wipe out Nigeria’s Excess Crude Account balances, IMF warns http://www.opalesque.com/SWF_Briefing/?p=13172 http://www.opalesque.com/SWF_Briefing/?p=13172#comments Mon, 13 May 2013 00:54:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13172 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13172>Article Link</a> Despite a projection that Nigeria’s external reserves might rise to an average of between $80 and $85 billion in the next four years, the International Monetary Fund (IMF) has warned against the negative impact of the declining oil price in recent times, saying the country’s Excess Crude Account could be depleted under a year. The IMF’s Senior Resident Representative in Nigeria, Scott Rogers, gave the warning while presenting highlights of the Staff Report on the 2012 Article IV Consultation, to be published soon by the Fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13172 President: Azerbaijan managed to avoid difficulties faced by several oil-producing countries http://www.opalesque.com/SWF_Briefing/?p=13144 http://www.opalesque.com/SWF_Briefing/?p=13144#comments Wed, 08 May 2013 02:38:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13144 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13144>Article Link</a> The Azerbaijani government managed to wisely use the revenues from energy sector and avoid some complications that some oil-producing countries had, Azerbaijani President Ilham Aliyev said during the first South Caucasus Forum in Baku today. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13144 Use oil money wisely, IMF tells Sudan http://www.opalesque.com/SWF_Briefing/?p=13086 http://www.opalesque.com/SWF_Briefing/?p=13086#comments Fri, 26 Apr 2013 03:54:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13086 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13086>Article Link</a> The Sudanese government should use renewed oil revenue to provide a foundation to its economy, an International Monetary Fund representative said.The Sudanese government announced that oil began to flow through pipelines extending to Port Sudan in early April. South Sudan gained control over the bulk of the region’s oil reserves when it gained independence from Sudan in 2011. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13086 India: FinMin opposes sovereign wealth fund out of forex reserves http://www.opalesque.com/SWF_Briefing/?p=13083 http://www.opalesque.com/SWF_Briefing/?p=13083#comments Thu, 25 Apr 2013 03:18:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13083 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13083>Article Link</a> Finance Ministry has opposed creation of a $10 billion Sovereign Wealth Fund (SWF) to acquire oil and gas and fertiliser assets abroad, saying the country did not have sufficient foreign currency to support the fund. At a recent meeting called by PM’s principal secretary Pulok Chatterjee, departments of economic affairs and expenditure were of the opinion that cash-rich PSUs should use their reserves and decide independently on overseas acquisition on commercial terms, official sources said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13083 China’s forex reserves, the largest in the world http://www.opalesque.com/SWF_Briefing/?p=13014 http://www.opalesque.com/SWF_Briefing/?p=13014#comments Fri, 12 Apr 2013 04:40:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13014 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13014>Article Link</a> China’s foreign currency reserves rose in the first quarter by $130 billion, reaching a record $3,440 billion, roughly the size of Germany’s economy as a result of massive capital inflows. The advance is the biggest for a quarter, since the period from April through June 2011. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13014 China’s foreign exchange reserves hit $3.4 trillion http://www.opalesque.com/SWF_Briefing/?p=13013 http://www.opalesque.com/SWF_Briefing/?p=13013#comments Fri, 12 Apr 2013 04:39:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13013 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13013>Article Link</a> China is once again facing heavy capital inflows after its foreign exchange reserves posted their biggest quarterly increase since the second quarter of 2011. Reserves jumped $130 billion to $3.44 trillion in the first quarter, helping to fuel a surge in credit growth amid concerns about the level of debt in the economy. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13013 Norges Bank to sell NOK300mln-day in April for SWF http://www.opalesque.com/SWF_Briefing/?p=12956 http://www.opalesque.com/SWF_Briefing/?p=12956#comments Thu, 28 Mar 2013 04:48:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12956 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12956>Article Link</a> Norway’s central bank said Wednesday it plans to sell 300 million Norwegian kroner ($51.4 million) a day in April to buy foreign currency on behalf of the Government Pension Fund Global, commonly known as the oil fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12956 Georgia: For promoting investment, a prime minister and his billions are not soon parted http://www.opalesque.com/SWF_Briefing/?p=12940 http://www.opalesque.com/SWF_Briefing/?p=12940#comments Tue, 26 Mar 2013 04:39:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12940 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12940>Article Link</a> Where should the line be drawn between a government official’s personal wealth and his or her public responsibilities? Amidst promises to use his own cash to stimulate business investment, compensate storm victims and prop up the state budget, billionaire Georgian Prime Minister Bidzina Ivanishvili is making any distinction ever blurrier. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12940 Nigeria’s excess crude revenue used to finance petrol subsidy payments- Sanusi http://www.opalesque.com/SWF_Briefing/?p=12838 http://www.opalesque.com/SWF_Briefing/?p=12838#comments Thu, 07 Mar 2013 03:58:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12838 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12838>Article Link</a> The Central Bank of Nigeria, CBN, Governor, Lamido Sanusi, has described the recent controversy surrounding Nigeria’s management of its excess crude revenue savings and external reserves as unnecessary, saying the Federal Government used part of the savings in the Excess Crude Account, ECA, to finance the controversial petroleum subsidy payments. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12838 Sanusi: Nigeria never had $67bln foreign reserves http://www.opalesque.com/SWF_Briefing/?p=12829 http://www.opalesque.com/SWF_Briefing/?p=12829#comments Wed, 06 Mar 2013 03:43:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12829 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12829>Article Link</a> The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has stressed the need for a thorough governance review of transparency and accountability in the oil sector. Sanusi said this while presenting a speech at a forum organised by members of the Metropolitan Club in Lagos Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12829 My Sojourn into the Excess Crude Account http://www.opalesque.com/SWF_Briefing/?p=12780 http://www.opalesque.com/SWF_Briefing/?p=12780#comments Mon, 25 Feb 2013 03:28:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12780 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12780>Article Link</a> I knew for a fact that even after Obasanjo left office, foreign reserves accretion continued and peaked at almost $63 billion in September 2008. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12780 Nigeria: The $67 bln foreign reserve legacy http://www.opalesque.com/SWF_Briefing/?p=12691 http://www.opalesque.com/SWF_Briefing/?p=12691#comments Thu, 07 Feb 2013 02:26:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12691 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12691>Article Link</a> We should be celebrating economic development, not huge foreign reserves. Mrs. Obiageli Ezekwesili made the following allegations: “…the squandering of the significant sum of $45 billion in Foreign Reserve Account and another $22 billion in Excess Crude Account being direct savings from increased earnings from oil that the Obasanjo administration handed over to the successor government in 2007. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12691 China’s $3 trillion in foreign reserves: A blessing or curse? http://www.opalesque.com/SWF_Briefing/?p=12674 http://www.opalesque.com/SWF_Briefing/?p=12674#comments Tue, 05 Feb 2013 03:24:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12674 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12674>Article Link</a> China’s perceived economic invincibility often rests on the fact that the People’s Bank of China has accumulated $3 trillion in foreign currency reserves: in theory, this massive amount of wealth should insulate China from economic shocks. Yet many experts at home and abroad believe that the assets could instead be a losing position. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12674 S. Korea’s foreign reserves keep record-breaking trend in January http://www.opalesque.com/SWF_Briefing/?p=12673 http://www.opalesque.com/SWF_Briefing/?p=12673#comments Tue, 05 Feb 2013 03:22:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12673 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12673>Article Link</a> South Korea’s foreign currency reserves maintained record-breaking trend in January thanks to a rise in investment returns and conversion value of euro assets, central bank data showed Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12673 Qatar eyes USD50bln yearly savings to boost reserves http://www.opalesque.com/SWF_Briefing/?p=12617 http://www.opalesque.com/SWF_Briefing/?p=12617#comments Thu, 24 Jan 2013 04:20:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12617 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12617>Article Link</a> Qatar expects to save about $50bn each year until 2017 to take its international reserves — including sovereign wealth assets — to $485bn from the present estimated $215bn, according to International Monetary Fund estimates. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12617 China still doubtful over euro’s prospects http://www.opalesque.com/SWF_Briefing/?p=12526 http://www.opalesque.com/SWF_Briefing/?p=12526#comments Wed, 09 Jan 2013 04:10:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12526 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12526>Article Link</a> Chinese officials remain worried about the state of the euro, the visiting French finance minister said yesterday, while repeating assurances the eurozone has stabilized and that France is on track for recovery. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12526 HK’s forex reserves reach 317.3 bln USD in 2012 http://www.opalesque.com/SWF_Briefing/?p=12515 http://www.opalesque.com/SWF_Briefing/?p=12515#comments Tue, 08 Jan 2013 03:28:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12515 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12515>Article Link</a> Hong Kong’s official foreign currency reserve assets amounted to 317.3 billion U.S. dollars at the end of December last year, up 12.1 billion dollars from November, the city’s Monetary Authority announced Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12515 Israel’s foreign currency reserves up in 2012 http://www.opalesque.com/SWF_Briefing/?p=12514 http://www.opalesque.com/SWF_Briefing/?p=12514#comments Tue, 08 Jan 2013 03:28:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12514 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12514>Article Link</a> Israel’s foreign exchange reserves stood at $75.866 billion at the end of December 2012, up slightly by $991 million from $74.875 billion at the end of 2011. The Bank of Israel also reported that the foreign exchange reserves rose $194 million in December 2012 from their level at the end of November. The reserves had fallen slightly in the previous two months. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12514 PBOC may have shifted cash to wealth funds, China Merchants says http://www.opalesque.com/SWF_Briefing/?p=12487 http://www.opalesque.com/SWF_Briefing/?p=12487#comments Wed, 02 Jan 2013 04:35:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12487 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12487>Article Link</a> China’s central bank may have added billions of dollars to the country’s sovereign wealth fund, China Merchants Securities said after analyzing official data from last month. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12487 Azerbaijan Central Bank foreign exchange reserves to grow up to $15 bln in 2013 http://www.opalesque.com/SWF_Briefing/?p=12441 http://www.opalesque.com/SWF_Briefing/?p=12441#comments Tue, 18 Dec 2012 02:51:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12441 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12441>Article Link</a> The Central Bank of Azerbaijan has announced a change in its forecast of foreign exchange reserves for 2013. CBA deputy chairman Aftandil Babayev says that in 2012, as it was expected, the Bank’s currency reserves will reach $12 bn. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12441 Serbia foreign exchange reserves at EUR 10.65bln http://www.opalesque.com/SWF_Briefing/?p=12400 http://www.opalesque.com/SWF_Briefing/?p=12400#comments Wed, 12 Dec 2012 03:50:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12400 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12400>Article Link</a> At the end of November the foreign exchange (FX) reserves of the National Bank of Serbia (NBS) stood at EUR 10.65 billion. The reserves covered money supply (M1) by 432 percent and more than seven months of imports of goods and services. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12400 S.Korea’s foreign reserves keep record-breaking trend in November http://www.opalesque.com/SWF_Briefing/?p=12360 http://www.opalesque.com/SWF_Briefing/?p=12360#comments Wed, 05 Dec 2012 03:57:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12360 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12360>Article Link</a> South Korea’s foreign currency reserves maintained their record-breaking trend for four straight months in November amid the persistent current account surplus, central bank data showed Wednesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12360 Philippine: Forex reserves to hit record high of $83bln by year-end — BSP http://www.opalesque.com/SWF_Briefing/?p=12359 http://www.opalesque.com/SWF_Briefing/?p=12359#comments Wed, 05 Dec 2012 03:57:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12359 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12359>Article Link</a> The Philippines’ foreign exchange reserves are set to reach a new high of $83 billion by the end of 2012, the central bank governor said Tuesday. “[The new gross international reserves forecasts are] $83 billion for this year and $86 billion for next year,” Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. told reporters at the sidelines of a forum on financial education held at the central bank’s headquarters in Manila. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12359 S.Korea FX reserves inch up http://www.opalesque.com/SWF_Briefing/?p=12158 http://www.opalesque.com/SWF_Briefing/?p=12158#comments Mon, 05 Nov 2012 04:36:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12158 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12158>Article Link</a> South Korea’s foreign reserves edged up by the smallest amount in five months in October, central bank data said on Monday, indicating policymakers have yet to take active steps in weakening the won against the dollar. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12158 Egypt foreign reserves soar to $15.5bln http://www.opalesque.com/SWF_Briefing/?p=12119 http://www.opalesque.com/SWF_Briefing/?p=12119#comments Tue, 30 Oct 2012 04:58:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12119 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12119>Article Link</a> Egypt’s foreign reserves probably rose $300-400 million in October thanks to loans from Qatar and Turkey, state-run al-Gomhuria newspaper reported on Monday, quoting an unnamed central bank official. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12119 Nigeria: Foreign reserve hits U.S.$42 bln http://www.opalesque.com/SWF_Briefing/?p=12080 http://www.opalesque.com/SWF_Briefing/?p=12080#comments Tue, 23 Oct 2012 05:57:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12080 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12080>Article Link</a> Nigeria’s foreign external reserves last week hit $42 billion as international rating agency, Fitch put the country’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB-’ and ‘BB’ respectively with a Stable Outlook. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12080 S. Korean foreign reserves hit new high in Sept. http://www.opalesque.com/SWF_Briefing/?p=11984 http://www.opalesque.com/SWF_Briefing/?p=11984#comments Fri, 05 Oct 2012 05:16:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11984 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11984>Article Link</a> South Korea’s foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment returns, a report by the central bank showed Friday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11984 Reserves of the National Fund of Kazakhstan amount to $85 bln http://www.opalesque.com/SWF_Briefing/?p=11875 http://www.opalesque.com/SWF_Briefing/?p=11875#comments Tue, 18 Sep 2012 04:49:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11875 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11875>Article Link</a> post thumbnail

Grigory MarchenkoReserves of the National Fund of Kazakhstan and gold assets amounted to $85 billion, Ak Orda said on Monday referring to the head of the Of the National Bank Grigory Marchenko. Marchenko informed the president about the situation in the financial sector of the country, particularly in the banking sector and the exchange market during the meeting. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11875 Algeria’s foreign exchange reserves hit $186 bln in June 2012 http://www.opalesque.com/SWF_Briefing/?p=11846 http://www.opalesque.com/SWF_Briefing/?p=11846#comments Wed, 12 Sep 2012 04:45:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11846 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11846>Article Link</a> Algeria’s foreign exchange reserves increased by 2.2 percent to $186.32 billion in late June of 2012, compared to the end of 2011, local media reported Tuesday. Quoting Governor of Algeria’s Central Bank Mohamed Laksaci, APS press agency said the reserves, excluding gold, was $182.22 billion in late December 2011, while the external debt which was around $4.4 billion at the end of 2011, was reduced to $3.99 billion in June 2012. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11846 S. Korea’s FX reserves hit new high in August http://www.opalesque.com/SWF_Briefing/?p=11807 http://www.opalesque.com/SWF_Briefing/?p=11807#comments Wed, 05 Sep 2012 01:34:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11807 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11807>Article Link</a> South Korea’s foreign reserves rose to a fresh high in August as investment profit gained and a weaker dollar boosted the conversion value of non-dollar assets, the central bank said Wednesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11807 Egypt’s foreign reserves rise by $705mln http://www.opalesque.com/SWF_Briefing/?p=11792 http://www.opalesque.com/SWF_Briefing/?p=11792#comments Mon, 03 Sep 2012 02:45:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11792 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11792>Article Link</a> Egypt’s foreign reserves increased by $705 million in August, resuming their rise after having fallen the month before, the central bank said on Sunday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11792 China FX invest to avoid chasing short-term market move http://www.opalesque.com/SWF_Briefing/?p=11774 http://www.opalesque.com/SWF_Briefing/?p=11774#comments Thu, 30 Aug 2012 04:04:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11774 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11774>Article Link</a> Investment of China’s huge foreign exchange reserves need to avoid chasing short-term market movements, which could become speculative. The central bank owned newspaper said its becoming increasingly challenging to invest China’s huge amount of foreign exchange reserves because of turmoil in the world financial markets. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11774 Serbia’s foreign-exchange reserves declined 0.2pct in July http://www.opalesque.com/SWF_Briefing/?p=11687 http://www.opalesque.com/SWF_Briefing/?p=11687#comments Wed, 15 Aug 2012 03:48:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11687 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11687>Article Link</a> Serbia’s foreign-exchange reserves fell 0.2 percent in July as lenders withdrew more funds to boost their capital. Reserves declined to 10.14 billion euros ($12.53 billion) in July from 10.16 billion euros in June and 12.1 billion euros at the end of 2011, the Belgrade-based Narodna Banka Srbije said in an e-mail today. Lenders withdrew 167.4 million euros from mandatory reserves, the central bank said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11687 Japan’s forex reserves increase in July http://www.opalesque.com/SWF_Briefing/?p=11653 http://www.opalesque.com/SWF_Briefing/?p=11653#comments Tue, 07 Aug 2012 04:51:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11653 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11653>Article Link</a> Japan’s foreign exchange reserves increased in July, the latest figures from the Ministry of Finance showed Tuesday. Total reserve assets amounted to $1.273 trillion at the end of July compared to $1.271 trillion at the end of June. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11653 Brazil’s foreign reserves rise $2.2 bln in July from June http://www.opalesque.com/SWF_Briefing/?p=11640 http://www.opalesque.com/SWF_Briefing/?p=11640#comments Fri, 03 Aug 2012 04:41:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11640 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11640>Article Link</a> Brazil’s foreign currency reserves picked up $2.24 billion in July from the previous month, as the value of the country’s investments increased. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11640 India’s forex reserves rise by $589 mln‎ http://www.opalesque.com/SWF_Briefing/?p=11608 http://www.opalesque.com/SWF_Briefing/?p=11608#comments Mon, 30 Jul 2012 04:07:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11608 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11608>Article Link</a> The country’s foreign exchange reserves went up by $589 million to $287.34 billion for the week ended 20 July amid rise in core currency assets, the Reserve Bank said. The reserves had fallen by $872.7 million to $286.75 billion in the previous reporting week. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11608 China invests $500 mln in Blackstone fund http://www.opalesque.com/SWF_Briefing/?p=11603 http://www.opalesque.com/SWF_Briefing/?p=11603#comments Fri, 27 Jul 2012 04:19:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11603 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11603>Article Link</a> China’s currency-reserves manager has committed $500 million to a real-estate private-equity fund managed by Blackstone Group LP, according to people familiar with the matter, as China seeks to diversify its mammoth foreign-exchange holdings into higher-yielding assets. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11603 Azerbaijan’s official reserve assets exceed $10.907 bln http://www.opalesque.com/SWF_Briefing/?p=11588 http://www.opalesque.com/SWF_Briefing/?p=11588#comments Wed, 25 Jul 2012 04:10:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11588 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11588>Article Link</a> The Central Bank of Azerbaijan reports of further moderate sustained growth of official reserve assets in 2012. The Bank informs that official reserve assets from January to July rose from $10.145 bn up to $10.907 bn. Foreign exchange reserves grew for Jan-June 2012 from $9.91 bn up to $10.669 bn and finances invested in securities from $1.86 bn up to $3.644 bn. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11588 China’s dilemma - where to park all those funds? http://www.opalesque.com/SWF_Briefing/?p=11561 http://www.opalesque.com/SWF_Briefing/?p=11561#comments Fri, 20 Jul 2012 05:03:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11561 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11561>Article Link</a> The People’s Bank of China buys more than $US2 billion of foreign exchange each working day from Chinese businesses and foreign investors to hold back the appreciation of the nation’s currency - the yuan. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11561 Serbia’s foreign-exchange reserves drop in June on dinar defense http://www.opalesque.com/SWF_Briefing/?p=11511 http://www.opalesque.com/SWF_Briefing/?p=11511#comments Thu, 12 Jul 2012 05:08:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11511 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11511>Article Link</a> Serbia’s foreign-exchange reserves fell 0.1 percent in June as the National Bank of Serbia spent euros to bolster the dinar and the government repaid debt. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11511 Egypt’s foreign reserves climb by $18 mln in June http://www.opalesque.com/SWF_Briefing/?p=11488 http://www.opalesque.com/SWF_Briefing/?p=11488#comments Mon, 09 Jul 2012 03:24:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11488 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11488>Article Link</a> Egypt’s foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11488 Denmark foreign reserves hit record http://www.opalesque.com/SWF_Briefing/?p=11450 http://www.opalesque.com/SWF_Briefing/?p=11450#comments Wed, 04 Jul 2012 04:05:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11450 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11450>Article Link</a> Denmark’s foreign reserves reached a record high in June after the central bank entered markets to reduce pressure on the krone to appreciate, as investors fled the turmoil of the euro-zone for safe havens including assets of the Nordic country. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11450 S. Korea’s foreign reserves grow to 312.38 bln USD in June http://www.opalesque.com/SWF_Briefing/?p=11435 http://www.opalesque.com/SWF_Briefing/?p=11435#comments Tue, 03 Jul 2012 05:21:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11435 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11435>Article Link</a> South Korea’s foreign reserves grew in June to 312.38 billion U.S. dollars due to a rise in conversion value of non-dollar denominated assets and a growth in investment returns, the central bank said Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11435 India’s FE kitty down $0.76 bln http://www.opalesque.com/SWF_Briefing/?p=11428 http://www.opalesque.com/SWF_Briefing/?p=11428#comments Mon, 02 Jul 2012 02:21:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11428 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11428>Article Link</a> India’s foreign exchange reserves fell by $0.76 billion to $288.62 billion for the week ended June 22, official data showed. The RBI is believed to have been selling dollars during the week to curb the slide in the rupee’s value. Incidentally, the rupee gained strength on Friday, a gain of 2 per cent over Thursday’s close of Rs 56.81 to a dollar, at Rs 55.64. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11428 Azerbaijan’s official reserve assets exceed $10.7 bln http://www.opalesque.com/SWF_Briefing/?p=11417 http://www.opalesque.com/SWF_Briefing/?p=11417#comments Fri, 29 Jun 2012 04:23:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11417 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11417>Article Link</a> The Central Bank of Azerbaijan reports of further moderate sustained growth of official reserve assets in 2012. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11417 For China, the euro is a safer bet than the dollar http://www.opalesque.com/SWF_Briefing/?p=11360 http://www.opalesque.com/SWF_Briefing/?p=11360#comments Thu, 21 Jun 2012 03:54:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11360 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11360>Article Link</a> Chinese purchases in Europe are likely to expand in the future as the debt crisis in some eurozone members provides investors with lucrative opportunities. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11360 India’s forex reserves grow to $287.37 bln http://www.opalesque.com/SWF_Briefing/?p=11343 http://www.opalesque.com/SWF_Briefing/?p=11343#comments Mon, 18 Jun 2012 01:33:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11343 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11343>Article Link</a> After falling for five straight weeks, India’s foreign exchange reserves grew by $1.52 billion to $287.37 billion for the week ended June 8, 2012, official data showed. The reserves had plunged by $2.40 billion to $285.85 billion for the week ended June 1, apparently due to the Reserve Bank of India (RBI) selling dollars to defend the rupee. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11343 ‘Not clear’ China wants renminbi to rival dollar, says CIC’s Lau http://www.opalesque.com/SWF_Briefing/?p=11325 http://www.opalesque.com/SWF_Briefing/?p=11325#comments Fri, 15 Jun 2012 04:52:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11325 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11325>Article Link</a> China is pushing for the renminbi to be used more widely in commerce and finance but it is unclear if Beijing wants its currency to rival the US dollar and euro, says CIC’s Lawrence Lau. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11325 The story of India’s falling forex reserves http://www.opalesque.com/SWF_Briefing/?p=11301 http://www.opalesque.com/SWF_Briefing/?p=11301#comments Wed, 13 Jun 2012 04:24:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11301 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11301>Article Link</a> Echoing former Reserve Bank of India (RBI) governor C. Rangarajan, Ashima Goyal, a member of the central bank’s technical advisory committee, has called upon RBI to use foreign currency reserves to support the rupee. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11301 CIC’s Jin says other countries may follow if Greece exits euro http://www.opalesque.com/SWF_Briefing/?p=11174 http://www.opalesque.com/SWF_Briefing/?p=11174#comments Wed, 23 May 2012 04:52:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11174 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11174>Article Link</a> Jin Liqun, chairman of China Investment Corp.’s supervisory board, said European authorities have shown a “lack of leadership” on the euro area’s debt crisis and other countries may leave if Greece exits the single currency bloc. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11174 CIC official : Yuan could be used in 10pct of settlements in 10 years http://www.opalesque.com/SWF_Briefing/?p=11173 http://www.opalesque.com/SWF_Briefing/?p=11173#comments Wed, 23 May 2012 04:52:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11173 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11173>Article Link</a> The yuan could be used to settle 10% to 15% of international transactions in 10 or 20 years time, a senior official at China’s sovereign wealth fund said Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11173 China cbank plans new $10bln forex reserve vehicle http://www.opalesque.com/SWF_Briefing/?p=11087 http://www.opalesque.com/SWF_Briefing/?p=11087#comments Thu, 10 May 2012 04:29:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11087 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11087>Article Link</a> China’s central bank plans to give $10 billion from its huge pile of foreign exchange reserves to a new entity to assist Chinese state firms invest abroad, four sources with direct knowledge of the matter said on Wednesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11087 Norges Bank to spend NOK350M a day in forex markets in May http://www.opalesque.com/SWF_Briefing/?p=11035 http://www.opalesque.com/SWF_Briefing/?p=11035#comments Wed, 02 May 2012 01:34:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11035 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11035>Article Link</a> Norway’s central bank said Monday it plans to buy foreign currency worth 350 million Norwegian kroner ($61.2 million) a day in May for its oil fund, continuing on the same pace since January. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11035 S. Korea’s foreign reserves hit record high in March http://www.opalesque.com/SWF_Briefing/?p=10878 http://www.opalesque.com/SWF_Briefing/?p=10878#comments Tue, 03 Apr 2012 04:05:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=10878 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=10878>Article Link</a> South Korea’s foreign exchange reserves soared to a fresh high in March as the strength of the euro and other currencies boosted the conversion value of those assets, the central bank said Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=10878 More than half the emerging markets are now investment grade http://www.opalesque.com/SWF_Briefing/?p=10683 http://www.opalesque.com/SWF_Briefing/?p=10683#comments Fri, 09 Mar 2012 03:17:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=10683 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=10683>Article Link</a> Increased foreign exchange reserves and more sophisticated monetary policies have contributed to the improving fundamentals of emerging market countries. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=10683 China’s CIC works on funding mechanism http://www.opalesque.com/SWF_Briefing/?p=10676 http://www.opalesque.com/SWF_Briefing/?p=10676#comments Wed, 07 Mar 2012 03:14:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=10676 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=10676>Article Link</a> post thumbnail

Wang JianxiBoosted by a one-time $30 billion capital injection, China Investment Corp. is working on a system through which the sovereign-wealth fund would get continued funding from the Chinese government and potentially play a bigger role in helping diversify the country’s vast foreign-exchange reserves. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=10676 Japan Feb foreign reserves at $1.303 trln http://www.opalesque.com/SWF_Briefing/?p=10671 http://www.opalesque.com/SWF_Briefing/?p=10671#comments Wed, 07 Mar 2012 03:13:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=10671 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=10671>Article Link</a> Japan’s foreign reserves declined to $1.303 trillion at the end of February, the Ministry of Finance said on Wednesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=10671 Kazakh gold/forex reserves rise to $34.8 bln in Feb http://www.opalesque.com/SWF_Briefing/?p=10664 http://www.opalesque.com/SWF_Briefing/?p=10664#comments Tue, 06 Mar 2012 03:15:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=10664 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=10664>Article Link</a> Kazakhstan’s net gold and foreign currency reserves rose to $34.8 billion as of Feb. 29 from $33.1 billion on Jan. 31, the central bank said on Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=10664