Economia
- China No Caminho De Padrão Ouro
China continues to hoard gold en masse. In June, China imported 104.6 tonnes from Hong Kong. That would bring China's gold imports from Hong Kong to 1,160 tonnes since the beginning of this year. Officially, China reports its total gold holdings...
- "currency Swap" Entre Brasil E China
Brazil-China to Sign $30 Billion Currency Swap Agreement Soon By Joshua Goodman - 2012-06-21T23:07:01Z Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil...
- Classificação Do Brasil Fica Em Baa2
Bloomberg: "... Brazil’s growth prospects are being limited by the strength of the real, which has climbed 47 percent since the end of 2008, as well as external factors, said Augusto de la Torre, the chief economist for Latin America at the World Bank,...
- China Perto De $ 2 Trilhões Em Reservas
BEIJING (AP) -- China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of March. China's reserves, already the world's largest, increased by $7.7 billion in the first...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...
Economia
Banco Central do Brasil compra ouro
The IMF reported Wednesday that the Banco Central do Brasil has increased its gold holdings for the second straight month, to the highest level in 11 years, as Latin America’s biggest economy looks to diversify its vast international reserves.
Brazil’s aggressive efforts to weaken its currency by buying dollars – about $132 billion since the beginning of 2008 – have left the country with the sixth biggest international reserves in the world, about 80% of which is denominated in the US currency.
However, recent turmoil in currency markets and concerns over the global financial crisis and fiat currencies in general has given Brazil’s authorities even more reason to diversify their holdings.
It has frequently stated its intention to diversify assets and reduce its exposure to currency risk.
Recent sharp weakness in Brazil’s real (see table) and systemic risks are leading central banks, including the BCB to diversify into gold.
Brazil raised its gold holdings by 17.2 tonnes in October to 52.5 tonnes, the highest level since January 2001. The move comes on the back of Brazil’s 1.7 tonne increase in September, the country’s first significant gold purchase in a decade.
In December last year, 83.5% cent of the central bank’s $352 billion reserves was held in increasingly risky government bonds, 15.6% was in other bonds and bank deposits while only 0.8% of reserves was held in other asset classes such as gold.
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- China No Caminho De Padrão Ouro
China continues to hoard gold en masse. In June, China imported 104.6 tonnes from Hong Kong. That would bring China's gold imports from Hong Kong to 1,160 tonnes since the beginning of this year. Officially, China reports its total gold holdings...
- "currency Swap" Entre Brasil E China
Brazil-China to Sign $30 Billion Currency Swap Agreement Soon By Joshua Goodman - 2012-06-21T23:07:01Z Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil...
- Classificação Do Brasil Fica Em Baa2
Bloomberg: "... Brazil’s growth prospects are being limited by the strength of the real, which has climbed 47 percent since the end of 2008, as well as external factors, said Augusto de la Torre, the chief economist for Latin America at the World Bank,...
- China Perto De $ 2 Trilhões Em Reservas
BEIJING (AP) -- China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of March. China's reserves, already the world's largest, increased by $7.7 billion in the first...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...