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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Asian forex reserves hit record

Posted on 09 September 2010

From WSJ: Asia’s foreign-exchange reserves hit an all-time high in August, according to Dow Jones Newswires calculations, driven by strong inflows attracted by the region’s growth rates and central bank intervention to contain currency appreciation.
Reserves held by 11 Asian central banks, excluding China’s, amounted to $2.875 trillion at the end of August, up from $2.861 trillion at the end of July, a 0.5% rise……………………………………….Full Article: Source


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