Central banks in a fragmenting world
Speech by Christine Lagarde, President of the ECB, at the Council on Foreign Relations’ C. Peter McColough Series on International...
Currencies
Why the dollar remains the world’s reserve currency, and will stay that way
Recent talk that China, India and Russia are settling purchases of oil in non-dollar denominations has generated speculation that...
Brazil’s Lula criticises US dollar and IMF during China visit
The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary....
What the Lula-Xi partnership means for the world
He brought an entourage. Brazilian President Luiz Inácio Lula da Silva traveled to China this week along with dozens of...
Brazil’s Lula calls for end to dollar trade dominance
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade, lending his voice to Beijing’s efforts to end the greenback’s dominance of global commerce.Kicking off his first state visit to China since taking office in January, Lula called for the countries of the so-called Brics group of nations — which in addition to Brazil and China...
Does Corporate Hedging of Foreign Exchange Risk Affect Real Economic Activity?
Hyeyoon Jung Foreign exchange derivatives (FXD) are a key tool for firms to hedge FX risk and are particularly important...
Singer Mika Singh Uses Indian Currency At Doha Airport, Salutes PM Modi
Singer Mika Singh at Qatar International Airport.Singer Mika Singh shared on Twitter on Wednesday that he was able to...
How shoppers skirted India’s currency swap
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several African countries have a shortage of US dollars – why this happens and how to fix it
A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars....
Prepare for a multipolar currency world
This month, Russia and China are sparking new jitters in Washington. That is primarily because of their stage-managed displays of diplomatic unity, around Ukraine and much else.But it is also down to money: during a visit by Xi Jinping to Moscow last week, Vladimir Putin pledged to adopt the renminbi for “payments between Russia and countries of Asia, Africa, and Latin America”, in a bid to displace the dollar. And this comes as Moscow is already increasingly using the renminbi for its swelling trade with China and embracing it in...