Iran is moving forward with plans to remove four zeros from its currency, a long-debated move aimed at simplifying ...

Learn how floating exchange rates work, driven by forex market supply and demand, and compare with fixed rates to grasp their impact on global economies.

Imagine if you could save the planet every time you spend money. A Swiss-South African start-up has launched Toco, a digital currency which is backed by carbon credits. The currency can be used to pay ...

The Canadian loonie could be getting a major makeover. Here's what the Bank of Canada's plan for digital currency means for you. A digital form of the Canadian dollar would revolutionize the country’s ...

Orban's government seeks to boost central bank oversight Central bank says legal reforms erode its independence ECB has found no major issues with proposed amendment Standoff weighs on forint, may ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. There is little doubt that China rather actively managed its currency in 2023. For ...

Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the ...

In a related development, Nigeria’s foreign exchange reserves rose to $42.8 billion, up from $42.79 billion earlier in the week. According to checks by Nairametrics, this marks the highest reserve ...

ZURICH (Reuters) -The Swiss National Bank ramped up foreign currency purchases during the second quarter, data showed on Tuesday, as the central bank reacted to appreciation pressure on the Swiss ...

In February 2024, the apex bank announced the resumption of forex sales to the BDCs following the revocation of operational licenses of over 4,173 of these licensed currency traders over their failure ...