BOT suggests ways to mitigate US dollar volatility
In particular, the Bank encourages the use of four local currencies for cross-border trade which, it says, should minimise risks associated...
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The untamed frontier of foreign exchange – Opinion
A stable and predictable forex market is a beacon for foreign investors. Their confidence fuels economic growth, creates jobs, and...
Amid war on Gaza, Egypt sees highest exchange rate for US dollar in black market
All indicators have so far suggested an ongoing shortage of foreign currencies, especially the US dollar, even after the government...
How Rupee Stands Against World’s 10 Strongest Currencies
As per the United Nations, 180 currencies worldwide are officially recognised as legal tender. However, popularity and wide usage do...
Dollar pauses rally as markets brace for US nonfarm payrolls test
US dollar rate index news: The dollar dipped on Friday but traders were largely keeping to the sidelines in both...
Can BRICS de-dollarise the global financial system?
The highlight of the 15th BRICS summit was the agreement to admit six new member countries – Argentina, Egypt, Ethiopia,...
Shilling falls further against major world currencies
With still over three months to the end of 2023, the local exchange rate has nearly doubled its losses against...
China’s yuan: how far will Beijing go to support its currency after slide to 16-year low against the US dollar?
And analysts have said that it still has the tools, including using its massive foreign reserves to prop up the...
China-led de-dollarisation gains traction among emerging economies ahead of Brics summit
The economic expansion of Brics could determine the speed at which it adopts commercial and financial systems outside of the...
Rupee ends 5 paise higher at 83.10 against the US dollar
The Indian rupee ended 5 paise higher against the US dollar on Friday softness in US treasury yields and a...
