In 2020 central banks ought to consider a more active reserve management strategy; one that incorporates modern innovations in asset management which bring intensified focus on returns. While counter intuitive perhaps to conservative central banking mindset, I recommend a gradual expansion of the range of credit and duration of instruments held. I also suggest hedges to key risks, including commodity risks as well as consideration towards agency paper and investment tranches of collateralize mortgage securities supported with more active currency positioning and securities lending. Their FX policies should be geared towards paying greater attention to boosting market confidence in the context of float/managed float. Moving away from recognized benchmarks can achieve a better match of assets and liabilities. Internally created benchmarks can be effective in meeting safety and liquidity requirements, measuring performance and increasing accountability.