CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy ...
Discover how central banks manage currency values through dirty floats, stabilizing economies by intervening in exchange rates to mitigate economic shocks.
Bangladesh’s central bank is considering a crawling peg system for its currency, backtracking on an earlier pledge to allow the exchange rate to float freely. The plan isn’t final yet and Bangladesh ...
As of December 20, Cuba's unofficial currency market is witnessing a notable development: the value of the Freely Convertible ...
In his letter (Aug. 15) responding to my op-ed “Floating Currencies Compound Uncertainty” (Aug. 9), Prof. William Miles states that “currency boards would lead to more of the banking crises, debt ...
A version of this story appeared in the daily Threat Status newsletter from The Washington Times. Click here to receive Threat Status delivered directly to your inbox each weekday. A version of this ...