The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective ...

The demonetization took effect April 1. The Bank of Jamaica has demonetized its old cotton banknotes, including the $5,000, $1,000, $500, $100, and $50 denominations. This action is a form of currency ...

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 ...

Swiss inflation flatlined in November as cheaper energy and imports pressured the franc ahead of the Swiss National Bank’s ...

The United States must play a more active role in reshaping the international economic order. Completely abandoning the international trading system would be a disaster for the American people and our ...

Central bank removes restrictions on FX trading Birr currency falls 30% against dollar Floatation of currency key to securing IMF support ADDIS ABABA, July 29 (Reuters) - Ethiopia's central bank ...

The countries that comprise BRICS—Brazil, Russia, India, China, and South Africa, as well as five new members—are an informal grouping of emerging economies hoping to increase their sway in the global ...