Financial markets just sent a wakeup call to the U.S. Eleven nations in the Commonwealth of Independent States (CIS), including Ukraine, eliminated the dollar as a reserve currency. This is the most ...

HONG KONG/SHANGHAI, Jan 9 (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it ...

An official from the Central Bank of Iraq (CBI) said on Wednesday that the bank is not responsible for the widening gap ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

Will a brutal decline in the Naira force the country to finally end its multiple-exchange-rate system? In the five months between March and August of this year, Nigeria’s currency, the Naira, fell by ...

An analysis has shown that the real value of the Japanese yen last month fell to its lowest level since Japan adopted a floating exchange rate system in 1973, dropping to one-third of its peak level ...

The Nigeria Customs Service (NCS) has pushed back against allegations that it was applying inflated exchange rates when calculating import duties, insisting that all foreign exchange figures used in ...

BEIRUT, May 20 (Reuters) - Lebanon, whose currency has collapsed amid a deep financial crisis, is launching a scheme to obtain dollars via banks at a rate similar to levels offered by unofficial ...

The Nigeria Customs has clarified the exchange rate application in customs validation. In a statement by the National Public Relations Officer of Customs, ...