The pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in a bid to ...

WASHINGTON: US President-elect Donald Trump threatened 100% tariffs against BRICS countries if they develop a common currency ...

While most countries have their official currency, a few surprising places do not. Instead, these nations rely on other ...

Gita Gopinath, Deputy Managing Director of the International Monetary Fund, expressed concern over the increasing energy ...

Central bank Governor Mamo Mihretu asserts that foreign currency reserves in the Ethiopian banking system have doubled to ...

Will India move away from the US dollar? Trump turns bully to BRICS nations before assuming office, warns against ...

Even if the BRICS cannot offer an alternative global reserve currency to the dollar, the group is still making major inroads ...

In their book 'Why Nations Fail', Daron Acemoglu and James A. Robinson recount how, in the late 1960s, Kofi Busia ...

The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as ...

Sri Lanka anticipates an IMF staff-level agreement on its bailout review, crucial for a $337 million fund release. The new ...