Tag: IMF

IMF

Currencies in Competition

On first glance there appeared to be few significant changes of note when looking at the currency-specific data in the latest BIS survey. But scratch beneath the surface and this data asks some important questions, says Galen Stops. Looking at the data regarding the currencies themselves in the latest OTC FX turnover survey from the […]

RBA FX Division Gets New Head

Dr Bradley Jones has been appointed to the position of head of International Department at the Reserve Bank of Australia.
In a statement, the RBA says it considered what it terms a competitive field of internal and external candidates for this role, which will become vacant following the retirement of Chris Ryan later this year.
Jones will join the RBA in early 2018 from the International Monetary Fund (IMF), where he has worked in the Monetary and Capital Markets Department since 2013.

IMF Amends SDR Rounding Methodology

The executive board of the International Monetary Fund (IMF) has amended its rounding methodology for determining currency amounts in the Special Drawing Right (SDR) basket. The decision, reached July 20, was in order to “make it less complex and also to more closely align the currency weights with those approved by the IMF executive board,” […]