What Does The Future Of SDRs Hold In A Changing Global Economy?
The Special Drawing Right (SDR), instituted by the International Monetary Fund (IMF) in 1969, is a special reserve asset intended...
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What Are The Key Trends In The G20’s Approach To Central Bank Digital Currencies?
In the past few years, the world of cryptocurrencies has emerged very quickly as a revolutionary instrument of the global...
RBI Governor Addresses Economic Growth and Currency Concerns in Parliamentary Briefing
In a detailed briefing to the Parliamentary Standing Committee on Finance, RBI Governor Sanjay Malhotra shared insights on India's...
Analyst: Asean integration fuels push for independent regional financial system
KUALA LUMPUR, June 28 — Greater economic integration among the members of the Association of Southeast Asian Nations (Asean) is accelerating efforts to build an independent and resilient regional financial system, aimed at reducing reliance on external currencies and enhancing monetary stability across Southeast Asia, according to a Malaysian analyst.These moves are not meant to target any specific country but rather reflect a desire to move away from external financial volatility and facilitate transactions using local currencies for intra-Asean trade, which will enable seamless cross-border transactions, provide greater market access...