Slow growth of exports and tourism and a resurgence of global inflation have created dollar shortages in some African economies.
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
The IMF sends its staff on two types of mission to member countries: to assess the state of the country’s macro economy or to assess the need for financial support.
The Ghanaian currency is facing structural hurdles.
Festivals in Ghana are evolving as tourist attractions.
Zimbabwe wants to issue a sovereign bond to raise $3.5 billion it has agreed to pay as compensation to white farmers, but the economic and political conditions aren’t conducive to such an issuance.
In a world beset by a global pandemic, colleges and universities may have to find a way for US students to study abroad without ever leaving American soil.
Once algorithms go live on markets, they start behaving in ways that programmers could not have foreseen.
President Trump’s decision to slap tariffs on US$300 billion of China’s exports has set up a currency war that has engulfed Australia.
The odds of winning are no better than even, and the costs of losing are enormous. We ought to limit forex to traders who can demonstrate their expertise.
Floating the dollar 35 years ago was a leap into the unknown. Here’s how it has served us well.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
Despite hard work by both governments to overcome mistrust, more is needed to build mutual understanding between Americans and Mexicans. Educational partnerships may hold the answer.
While borrowers may not be thrilled by the Federal Reserve’s decision to raise rates, many of us have plenty of reason to celebrate.
The Australian dollar is special among the major currencies as it generally moves along with the prices of commodities. Because of this the dollar affects companies in different ways.
Where our money comes from is deeply political and the politics involved is often highly complex.
China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
An enormous 8% drop in the pound was recently rectified in a matter of minutes but the ‘flash crash’ wasn’t merely an algorithm issue.
How countries manage their currencies is now more critical than ever. Nigeria has followed in the footsteps of South Africa by opting for a free-floating exchange rate regime.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa’s balance of payments crisis.