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3 mins read
Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!
New initiatives like RuPay card payments and a currency swap agreement have been introduced, with b…
1 min read
A cash-strapped region of Argentina has created its own currency amid the country's economic struggles
La Rioja made its own currency to boost the local economy after the national government cut cash tr…
Kelly Cloonan
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
1 min read
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in …
Aruni Soni
1 min read
How Argentina's inflation fight made the peso the strongest currency in the world
Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …
Filip De Mott
1 min read
China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets
Chinese authorities reportedly told state-run banks to intervene in currency markets this week to l…
Phil Rosen
2 mins read
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…
Huileng Tan
1 min read
Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money
Argentina is expected to pay the equivalent of $1.7 billion to China's central bank as soon as this…
Filip De Mott
3 mins read
The story of a currency swap that showed the shockingly high spreads, commissions and omissions by an international bank
One of India’s top bullion and forex advisors Jamal Mecklai has released a note explaining how a ba…
1 min read
Why the Israeli shekel is the world's best performing currency against the US dollar this month
The shekel rose 8.8% from a 11-year low last month, as short sellers left and the Bank of Israel so…
Filip De Mott
1 min read
China boosts Argentina's access to the yuan under currency deal as peso plummets
Argentina's president said the country can now tap $6.5 billion worth of Chinese yuan, up from $5 b…
Aruni Soni
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
2 mins read
China's yuan is displacing other top global currencies in trade, but not the US dollar
"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing o…
Filip De Mott
2 mins read
The Secret Service says a Home Depot employee admitted to swapping $387,500 in cash with pretend $100 bills marked 'PLAYMONEY' that he bought off Amazon
Since 2018, officials say the employee used his position as a vault associate to replace money from…
Dominick Reuter
1 min read
Russia's ruble spikes as Putin and officials mull ways to prop up the currency after it dropped below a penny this week
The ruble climbed roughly 5%, hovering around 94 per dollar on Wednesday, after crashing as low as …
Phil Rosen
2 mins read
Investors think there's a 94% chance Russia that default on its debts, after US blocks dollar payments
The risk of a default has skyrocketed, judging by the price of credit-default swaps on Russian bond…
Harry Robertson
2 mins read
The dollar's towering strength drives Korea to double-down in defense of its struggling currency
Countries around the world are battling to defend their currencies against the surging greenback.
George Glover
2 mins read
India secures Japan’s help in saving the rupee by signing its largest currency swap agreement with the country ever
The move is a big win for the RBI, which will be able to bolster its foreign exchange reserv…
3 mins read
'King Dollar' is in no danger of losing supremacy to the yuan or cryptocurrencies because of its dominance in trading, a chief economist says
"The reality is the dollar can't be avoided and it will remain the dominant currency in trading and…
Shalini Nagarajan
2 mins read
SEC Chairman signals stablecoins and other tokens could fall under its rules on security-based swaps and says more regulation is coming
Gary Gensler, the head of the US markets regulator, has indicated stablecoins will not be exempt fr…