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Israel adds yuan, reduces dollar and euro in 'philosophy' change for FX reserves
By Daniel Avis
Wednesday, April 20, 2022
Israel's central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever.
Starting this year, the currency mix will expand from the trio of the U.S. dollar, the euro, and the British pound to include the Canadian and Australian dollars as well as the yen and the yuan, which is also known as the renminbi. The additions mark a change in the Bank of Israel's "whole investment guidelines and philosophy," Deputy Governor Andrew Abir said in an interview. ...
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Reyna Gold Drives 7.85 Meters of 3.95 grams per tonne
and 30.6 meters of 0.51 g/t gold, both from surface
Wednesday, April 20, 2022
Reyna Gold Corp. (TSXV: REYG. OTCQB: REYGF) announces initial results from the first eight holes totaling 710 meters of its ongoing 10,000-meter drill program at its 24,215-hectares flagship La Gloria Property in Sonora, Mexico.
Reyna has achieved the two primary objectives from these holes -- extending the breccia zone at Big Pit and establishing quartz veining of grade and size at Pique Viejo. All eight holes hit gold mineralized structures in initial exploration drilling across the 160 hectares Main Zone target area. ...
"These are great initial results. We are really pleased to have hit a substantial vein at Pique Viejo with the first two drill holes there and to have hit high-grade gold from surface at Big Pit,” Reyna Gold CEO Michael Wood CEO said. "The Las Amarillas vein is a just one of many new targets the geological team has identified on our 24,215 hectares property. ..."
... For the remainder of the announcement:
To accommodate the changes, the euro's share will fall to 20% -- the lowest in at least a decade -- from just over 30%, while the dollar will account for 61%, down from 66.5%. The pound's weighting, by contrast, will almost double to 5%, returning to a level last seen in 2011. ...
... For the remainder of the report:
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Toast to a free gold market
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