Currencies

A money-changer's office in Yangon: Myanmar's currency, the kyat, has fallen 20% to 30% since a military takeover of the government on Feb. 1.
Myanmar Crisis

Myanmar currency hovers near all-time low

Flip-flopping on forex trading band rules rattles market, pushes down kyat

16 September 2021
The Australian dollar touched a roughly nine-month low against the U.S. dollar last week.
Currencies

China risk sends Australian, South Korean currencies sliding

Fear of Chinese slowdown weighs on export-heavy nations

27 August 2021
President Richard Nixon, pictured in his White House office after delivering a nationwide television addressposes on Aug. 15, 1971: it still deserves to be remembered as a shock.
Opinion

Understanding the real impact of the 'Nixon Shock'

How best to control money still eludes the world's advanced economies

25 August 2021
"The stringency in lockdown measures are inversely correlated with market performance, especially stocks sensitive to domestic demand," an emerging market strategist says. (Source photo by Tetsuya Kitayama and Reuters) 
Market Spotlight

Delta outbreak clouds Asian stock markets

Investors shy away as infections surge and tighter US monetary policy looms

23 August 2021
Sahap Kavcioglu, governor of the Central Bank of the Republic of Turkey, has his hands full dealing with an impatient president and unforgiving markets.
Market Spotlight

Heat rises on Turkey's central bank chief

Satisfying Erdogan and financial markets proves a major dilemma for Kavcioglu

16 August 2021
Benoit Coeure says China's currency moves could one day threaten the U.S. dollar's dominance, but not as long as Beijing prioritizes internal security over financial openness. (Photo courtesy of BIS)
Interview

Central banks need to shepherd digital currencies: BIS director

Private sector alternatives would lead to walled gardens, Benoit Coeure says

14 August 2021
A customer tries to pay with the digital yuan at a coffee shop in Beijing in December 2020: the digital currency has been tested in more than 1.3 million scenarios.
Opinion

Dispelling the myths and rumors about China's digital currency

Every technological evolution spawns a crowd blinded by ignorance

13 August 2021
Professor Barry Eichengreen says every true international and reserve currency in history has been a currency of a political democracy or a republic, with real political checks and balances. (Photo courtesy of the International Monetary Fund)
Interview

For yuan to be the new dollar, China needs democracy: Eichengreen

University of California scholar 'struck' by resilience of American currency

13 August 2021
Toyoo Gyoten, a former Japanese Vice Minister of Finance for International Affairs, predicts that the dollar will remain the world's main reserve currency for the foreseeable future.
Interview

'Nixon shock' still haunts Japan: ex-financial diplomat Gyoten

Yuan unlikely to replace dollar as key international currency

12 August 2021
Faced with a shortage of gold and inflation, in 1971, U.S. President Richard Nixon shocked the world by announcing the U.S. would suspend the exchange of gold for dollars.
Currencies

Currency adrift: 50 years after the Nixon shock

Floating exchange rate makes the global economy both more developed and more vulnerable

12 August 2021
Sun Lijian, a professor of finance at China's Fudan University, talks to the Nikkei about the prospects for the yuan to become a major international reserve currency.
Interview

Yuan to act as global currency 'anchor': Chinese finance expert

Digital economy offer opportunities, but dollar remains predominant currency

11 August 2021
China could be waging its biggest attempt yet to threaten dollar hegemony and the monetary system that emerged after World War II.
The Big Story

Will China's digital yuan vanquish the dollar?

50 years after the 'Nixon shock,' a new era in international finance is dawning

11 August 2021
China's central bank has been working toward a full launch of a digital version of the yuan. (Photo by Iori Kawate)
Comment

Cashless pioneer China extends lead with digital yuan

Ease of use makes central-bank-backed virtual currency attractive

6 August 2021
Chea Serey, director general of the National Bank of Cambodia, speaks at the launch event of the central bank's "Bakong" digital currency, in Phnom Penh, Cambodia, in October, 2020.
Currencies

Cambodia aims to wean off US dollar dependence with digital currency

Southeast Asian country's 'Bakong' users grow amid COVID-driven digital shift

4 August 2021
The appreciating dollar poses risks to currencies issued by emerging economies that are having difficulty fighting off the resurgent coronavirus.
Datawatch

Who's in trouble, the US dollar or emerging economies?

Fed's upcoming moves and success against the virus will determine the answer

3 August 2021
The depreciation of the Thai baht is sharper than those of regional peers such as the Malaysian ringgit and the Philippine peso.
Markets

Delta epidemic sends Thai baht to 15-month low

Public and private researchers warn of risk of a double dip

30 July 2021
About 40% of Chinese cross-border transactions are now denominated in yuan, government data shows.
Economy

China's global yuan push regains momentum

Could become the world's No. 3 reserve currency by 2030, Goldman Sachs says

20 July 2021
The Monetary Authority of Singapore has not said whether it will launch a retail digital currency, but it has been exploring the concept.
Economy

Singapore dangles fintech prize for digital currency ideas

Central bank aims to iron out issues with fiat e-money as interest grows

28 June 2021
The Nikkei index at one point fell over 1,000 points, or 3.5%, to reach its lowest level since May 20. (Photo by Yo Inoue)
Markets

Japanese stocks jolted by US rate rise concerns

Nikkei benchmark down over 3% as sell-off spans multiple sectors

21 June 2021
Asian stock markets and currencies were lower on Thursday after the U.S. Federal Reserve suggested interest rates would rise in 2023. (File photo by Kohsuke Imamura)
Markets

Asian currencies and stocks feel impact of Fed rate rise signal

US central bank accelerates likely timing of post-pandemic increase

17 June 2021
Traders transact at a wholesale vegetable market in Bangalore in December 2016: an e-rupee would do exactly what Modi hoped to achieve in 2016.
Opinion

India should scrap paper money altogether

Four reasons Narendra Modi should speed up a digital rupee

14 June 2021
G-7 nations are worried that China's digital yuan could be used to track people and suppress political opposition.
Cryptocurrencies

China's bid for digital-yuan sphere raises red flags at G-7

Beijing-led economic zone would be immune to Western sanctions

5 June 2021
Turkish President Recep Tayyip Erdogan has ousted three central bank chiefs in two years.
Economy

Erdogan's call for rate cut drives Turkey's lira to fresh lows

Leader's call for lower rates by 'July or August' rattles currency markets

3 June 2021
Copper rods at a Vietnamese cable factory: Import prices are climbing amid a broad-based rise in international commodity markets.
Currencies

China moves to rein in yuan rally as exports weaken

Central bank raises foreign-currency reserve requirement for first time in 14 years

2 June 2021
You may have a tail-wagging-the-dog crisis on your hands.
Opinion

Elon Musk is the least of Bitcoin's troubles

Beijing calls time on the crypto world's easy days

24 May 2021