Discover how a nation's balance of payments can affect its currency's exchange rate and the dynamics of its relationship in ...

Financial markets just sent a wakeup call to the U.S. Eleven nations in the Commonwealth of Independent States (CIS), including Ukraine, eliminated the dollar as a reserve currency. This is the most ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act ...

HONG KONG/SHANGHAI, Jan 9 (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it ...

Access to foreign currency was positively transformed during March 2024 after a consortium led by ADQ, one of Abu Dhabi's sovereign wealth funds, committed to invest US$35 billion into the development ...

Members of the Monetary Policy Committee (MPC), Mr. Bandele Amoo and Ms. Emem Usoro, have warned that excessive liquidity in the financial system could undermine exchange rate stability and threaten ...

BEIRUT, May 20 (Reuters) - Lebanon, whose currency has collapsed amid a deep financial crisis, is launching a scheme to obtain dollars via banks at a rate similar to levels offered by unofficial ...

Cryptocurrencies often seem confusing, but in reality, they are becoming easier to use every day. One of the most convenient ...