SBV to establish new State Foreign Exchange Reserve Management Department

SBV to establish new State Foreign Exchange Reserve Management Department

The SBV intends to establish the State Foreign Exchange Reserve Management Department due to the rise in foreign currency reserves.
Forex reserves estimated at $19-20 bln

Forex reserves estimated at $19-20 bln

The foreign exchange reserves of Vietnam have improved significantly, equivalent to the payments for 9 weeks of imports from about 7.5 weeks as of mid-2011, said the government in a recent report.

Doubts grow on claims of vast Bolivian gas reserves

For years, Bolivia was thought to be sitting on some of the richest gas reserves in South America. But doubts are now growing as the nation awaits the results of a new survey.
Kuwait adds 12 billion barrels to oil reserves: report

Kuwait adds 12 billion barrels to oil reserves: report

KUWAIT CITY, October 21, 2010 - Kuwait has added at least 12 billion barrels of crude oil to its reserves, which are estimated at over 100 billion barrels, following a comprehensive study, a newspaper reported on Thursday.

Foreign currency reserves at record high

Vietnam has seen record increases in foreign currency reserves in the first half of 2007, due to rising indirect investment in the stock market and a stabilised domestic exchange rate.