Archive for September 18th, 2009
Asia (China) Continues to Build Reserves, but Forex Diversification Slows – 296th Edition
After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [...]
