The National Bank of Ethiopia NBE has initiated processes to better regulate foreign exchange transactions and by that weaken the black market... READ MORE›
The Pakistani rupee has sunk to an all-time low following the central bank's withdrawal of support for the currency against the US dollar last week... READ MORE›
The authorities also stepped up scrutiny on individual foreign currency purchases, although they kept the 50,000 annual individual quota in place... READ MORE›
In its October foreign exchange report, the outgoing Obama administration gave both Taiwan and China a pass by not naming either a currency manipulator... READ MORE›
Central bank weakens currency further by 1.1 percent after previous official cuts that put global financial markets on edge... READ MORE›
Seven charts showing why Venezuela's economy is a basket case... READ MORE›
Not the only one the IMF chief is likely to encounter in the age of President Donald Trump... READ MORE›
Inflation and ineffective monetary policy have also spurred Venezuelan residents to the black market to exchange currency, NPR reported in 2014... READ MORE›
China has no need to 'regard foreign exchange reserves as gold', the overseas edition of People's Daily said... READ MORE›
China forex regulator tightens controls to stem capital outflows sources... READ MORE›
Foreign exchange reserves fell 512.66 billion in 2015 to 3.33 trillion, central bank data showed on Thursday... READ MORE›
The Treasury said Germany has a responsibility to help balance global demand and trade flows... READ MORE›
Brazil President Dilma Rousseff on Saturday cited the nation's foreign currency reserves as a backstop to excessive volatility and weakness in the Brazilian real... READ MORE›
The PBOC also said that it will monitor abnormal cross border flows... READ MORE›
Belarus, a major transit route for Russian gas to Europe, has previously said a price of 73 would be reasonable... READ MORE›
China's current account surplus, an indicator of its global trade balance, was 1.8 percent of GDP in 2016, well below the threshold for action... READ MORE›
Donald Trump may have branded China a currency manipulator but the data show Beijing has paid a hefty price propping up the yuan... READ MORE›
Nevertheless, a more market-determined exchange rate would facilitate SDR operations in case the Renminbi were included in the currency basket going forward... READ MORE›
The two countries account for over a third of the total foreign ownership of US Treasuries, the figures showed... READ MORE›
The China-led Asian Infrastructure Investment Bank is a rival to the United States-led World Bank and the Asian Development Bank... READ MORE›
A senior Chinese foreign exchange official has reiterated that there are no restrictions on foreign firms' cross-border profit transfers... READ MORE›
Most Southeast Asian countries experienced an increase in output and a temporary increase in inflation... READ MORE›
China's March foreign exchange reserves maintain an upward momentum, following its triumphant rebound above the US 3 trillion mark in February... READ MORE›
China has spent 1 trillion in foreign reserves in the past two years as it tried to stabilize the faltering currency, the newspaper said... READ MORE›
Germany would support very rapid conclusion of eu-china investment treaty... READ MORE›
The December figure reported by the People's Bank of China on Saturday morning is the sixth straight monthly fall in the country's foreign exchange reserves... READ MORE›
The China-led Asian Infrastructure Investment Bank is a rival to the United States-led World Bank and the Asian Development Bank... READ MORE›
The IMF urged advanced economies to keep monetary policy loose to lift inflation back to target... READ MORE›
China's foreign exchange reserves, the world's largest, posted their biggest annual drop on record in 2015, data showed on Thursday... READ MORE›
Measures include vetting transfers of 5 million or more and increased scrutiny on outbound corporate investment... READ MORE›
The IMF urged advanced economies to keep monetary policy loose to lift inflation back to target... READ MORE›
Analysts believe such a list would specify sectors of the foreign exchange market that would remain subject to controls... READ MORE›
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