(Bloomberg) -- Egypt delivered its biggest-ever interest-rate hike and allowed its currency to weaken more than 38% in a long-awaited devaluation that may pave the way for billions more in loans from ...

(Bloomberg) -- Egypt’s central bank will likely wait out a pick up in inflation and put off interest-rate hikes until it builds its foreign-currency buffers enough to manage another currency ...

On Tuesday, the People’s Bank of China (PBoC) raised the USD-CNY fixing to 6.2298 from 6.1162, the highest dollar fix in two years. The 1.9% depreciation was framed as part of its reform of the fix ...

Harvinder Kalirai, chief strategist at BCA, says not only are net portfolio flows now negative but the foreign direct investment balance has also dipped into negative territory. “For some time, the ...

Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate policy after a sharp devaluation of the Egyptian Pound as much-needed measures to ...

HAVANA (Reuters) - Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rate system in a bid to ...