reserves

The "invisible man" who held the job of leading the diversification of China's foreign currency wealth has resigned. The FT reports. more...

South Korea's currency reserves hit a record high in October, a clear sign that Seoul is determined to prevent a sharp appreciation of the won. more...

China's foreign exchange reserves grew at a surprisingly tepid clip last quarter to $3.2 trillion after the stockpile suffered a drop of nearly $61 billion in September on an outflow of speculative funds and a skidding euro. more...

The Vietnamese dong looks stuck for now with the unappealing title of Asia's worst performing currency, despite moves by the central bank to dip into foreign reserves to bolster it. more...

China should diversify its huge foreign exchange reserves into non-financial assets to hedge against risks from a long-term decline in the U.S. dollar, Xia Bin, an academic adviser to the central bank said on Tuesday. more...

Even as the U.S. grapples to bring its debt under control, Asia has another problem on its hand: surging currency reserves, mostly in dollar denominated assets. But experts say there's no easy solution to the problem. more...

China will press ahead with diversification of its $3.2 trillion in foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday. more...