The East African nation and fellow Brics member is the latest country to seek a switch, accelerating the yuan’s ...

A total of seven memorandums of understanding (MOUs) were signed during the first South Korea-China summit held on the 1st ...

Discover how asset swaps can transform financial instruments, hedge risks, and manage cash flows by exchanging fixed and floating assets in derivative contracts.

Trump has now agreed to step in with a long-mooted US$20-billion plan. US Treasury Scott Bessent has also pledged another $20 ...

Despite the currency swap being formalised by Argentina’s central bank, Trump threatens to withdraw aid if Milei is defeated ...

Argentina’s central bank and the US Treasury have signed a currency swap line for $20 billion, a key vote of confidence for ...

The basic idea is Argentina gets dollars that it can then use to buy pesos, propping up the value. The U.S. gets to hang on ...

Under the proposed system, exporters will be able to obtain taka against their ERQ-held foreign currency for a fixed term and later receive the same amount of foreign currency back after returning the ...

Argentina's central bank (BCRA) has signed a $20B currency stabilization agreement with the U.S. Treasury Department, less ...

Argentina's right-wing President Milei, a close ally of President Trump, faces a critical midterm election this month.