Although the theoretical relationships are ambiguous, evidence suggests a strong link between the choice of the exchange rate regime and economic performance. The paper argues that adopting a pegged ...

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper provides new evidence on the exchange rate passthrough to domestic inflation in Sub-Saharan Africa (SSA) using ...

The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.

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 ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Historical exchange rates can be used to analyze trends in ...

The move, which economists deem positive, is a prelude to needed monetary reform. When Bola Tinubu was inaugurated as president of Nigeria on May 29, he noted that the country’s monetary policy needed ...

BEIRUT, Nov 21 (Reuters) - Lebanon's central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a process to unify the country's multiple exchange-rate ...

1. The Exchange Rate in May 2023 At the time of President Tinubu’s inauguration, Nigeria operated a multiple exchange rate system. The official rate, managed by the Central Bank of Nigeria (CBN) at ...

Argentina will have a floating exchange rate “pretty soon” as its current trading band widens, according to President Javier Milei’s deregulation czar. “The bands are opening up as we move along, ...

If the US Federal Reserve System (FRS) loses control over inflation, the ruble's exchange rate against the dollar may reach 50:1. This was announced on October 31 by Kirill Tremasov, Advisor to the ...