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Forex reserves rise to $20.157bln

Business
March 12, 2021
KARACHI: Pakistan’s foreign exchange reserves increased to $20.157 billion in the week ended March 5, compared with $20.133 billion a week ago, the central bank reported on Thursday.
The forex reserves held by the State Bank of Pakistan rose $38 million to $13.016 billion.
The foreign exchange reserves held by commercial banks; however, slightly fell to $7.141 billion from $7.155 billion. ....

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Taiwan governor optimistic over US currency dispute

Yang says country meets ‘currency manipulator’ criteria but adds he does not expect sanctions ....

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VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2020 Results and Reserves Update

VAALCO Energy, Inc. (NYSE/LSE: EGY) (“VAALCO” or the “Company”) today reported operational and financial results for the fourth quarter and full year of 2020. ....

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Forza Petroleum Limited: Forza Petroleum Announces Its Year End 2020 Reserves and Resources and Operations Update

Forza Petroleum Limited: Forza Petroleum Announces Its Year End 2020 Reserves and Resources and Operations Update
Demir Dagh
Demir Dagh
Demir Dagh
(1)
The oil reserves data is based upon evaluations by NSAI, with effective dates as at December 31, 2019 and December 31, 2020, as indicated.
Volumes are based on commercially recoverable volumes within the life of the production sharing contract.
(2)
The contingent oil resources data is based upon evaluations by NSAI, and the classification of such resources as contingent oil resources by NSAI, with effective dates as at December 31, 2019 and December 31, 2020, as indicated. The figures shown are NSAI s best estimate using deterministic methods. Once all contingencies have been successfully addressed, the probability that the quantities of contingent oil resources actually recovered will equal or exceed the estimated amounts is 50% for the best estimate. Contingent oil resources estimates are volumetr ....

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Israeli reserves surge to new record high of $185 billion

Central Banking
David Vaaknin
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Bank of Israel international reserves rose to reach a new record high level in February, the central bank said on March 7.
Overall, reserves increased by $5.6 billion to $185 billion. This represents 45.9% of Israel’s GDP.
The main factor behind the increase was more than $4.9 billion in foreign exchange purchases. Over the past year, the central bank has been raising funds in international markets to finance the government’s larger deficits due to the Covid-19 crisis.
In fact, foreign
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. ....

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