According to FMF economic analyst Nicholas Woode-Smith, it is good that South Africa has not engaged further on a unified ...

A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with ...

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies ...

Globally, however, the yuan is used for less than 7% of all foreign-exchange transactions, versus 88% for the dollar, according to the Dollar Dominance Monitor by the Washington-based Atlantic Council ...

The MoU will enable more efficient currency settlements in local currencies, which will benefit traders engaged in imports ...

A victory by the former president would have significant consequences for global investors, Anthony Kettle writes in a guest ...

China's central bank said on Friday it had signed a memorandum of understanding with the Maldives's ministry of economic ...

The curbs are helping China to test the dollar's status as the world's reserve currency, sparking new tariff threats from Donald Trump. The number of bilateral transactions using the Chinese ...

China hence accumulates USD as forex reserves. International trading, which involves two currencies, has a self-correcting mechanism. Assume Australia is running a current account deficit ...

Trading volume in the China-based "over the counter" market -- where crypto buyers and sellers are connected directly through ...

As cross-border business becomes more complicated, China's finance industry is abuzz over possible workarounds, says one ...