Monday, November 30, 2009

Emerging market central banks

Where are sovereign central banks of emerging market countries investing their reserves? Traditionally, it's been US Treasuries. They are now diversifying away from USDollar-denominated assets.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100002252/china-gold-and-the-civilization-shift/


With central banks from India, Sri Lanka, and Mauritius already purchasing gold from the IMF, other sovereign central banks are also rumored to be stepping up to the gold window. This includes China, Germany, and Russia.

http://www.bloomberg.com/apps/news?pid=20601083&sid=at5XsdLU.68w

No comments:

Post a Comment