Russia's currency struggles aren't set to ease, as the main factors driving the ruble's decline will persist for the foreseeable future, according to researchers at the Carnegie Endowment.
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The Russian currency has since regained some ground after the central bank stepped in and stopped buying dollars and euros. But the rouble remains at levels it had not touched since the aftermath ...
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Russia’s Central Bank will refrain from purchasing foreign currency on the domestic market from November 28 through the end of 2024. According to the bank’s press release, this decision was made “to ...
Interest rate swaps involve exchanging interest payments, while currency swaps involve exchanging an amount of cash in one currency for the same amount in another. Swaps are derivatives contracts ...
The value of Ethiopia's currency has fallen by 30% against the US dollar after the government relaxed currency restrictions, one the country's biggest banks, the Commercial Bank of Ethiopia ...
The new banknotes come in denominations from 1 to 200 Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an ...
The dollar gained strength due to the expectation of higher U.S. interest rates, leaving other currencies weak. The yen was near a five-month low, prompting potential intervention from Japan. The euro ...
Kittikorn Nimitpara / Getty Images Currency risk is the financial risk that arises from potential changes in the exchange rate of one currency in relation to another. And it’s not just those ...