ALMATY, Aug 20 (Reuters) - Kazakhstan is abandoning its officially set currency corridor for its tenge currency and will introduce a freely floating rate, effective Aug. 20, local media quoted Kazakh ...

In the past few years, a new theory is being developed with respect to the level of the exchange rate under a system of freely floating exchange rates or even under fixed rates. In the past few years, ...

Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

Nigeria, one of Africa’s largest economies, has a long-standing history of grappling with currency stability and foreign exchange challenges. Over the years, the government has employed various ...

Increased intracontinental trade in Africa is a laudable objective, but may serve to highlight disparities in exchange-rate regimes that could further widen the gap between winners and losers. Since ...

Recent reports indicate that the apex bank has granted commercial banks and forex market dealers the authority to freely sell foreign exchange at rates determined by the market According to sources, ...