ZENITH Bank has significantly reduced its currency swap exposure with the Central Bank of Nigeria (CBN), trimming it from around $1.6 billion in 2024 to under $1 billion.A currency swap is a ...

Argentina yesterday (April 11) renewed a currency swap with China worth almost $5 billion, thereby bolstering its reserves ...

The U.S. dollar has been the dominant currency in global trade and finance for more than seven decades. Over that time, ...

With analysts in the U.S. noting the stagflationary direction of the U.S. outlook - weaker output and higher prices - central banks globally ... while shifts in global currency and capital flows ...

Argentina has announced the introduction of a new exchange rate band for the peso, ranging from 1,000 to 1,400 per US dollar, ...

Dollar notesIn today’s global economy, financial strength isn’t just measured in production output or trade flows. It’s built on trust on whether the world believes in your currency, your institutions ...

Economies such as India and Indonesia had until now taken a cautious approach to interest rate cuts, keen to avoid the kinds ...

Libya has devalued its currency by 13.3%, citing economic strain and political divisions amid rising debt and currency ...

Argentina and China last year renewed the activated part of the currency swap through July 2026, which helped to defuse fears over a payment crunch. The central bank did say then it would ...

Mushrif, who is also the chairman of the Kolhapur district central cooperative bank, however, warned that if the currency notes are kept with the banks any longer, they may get damaged.