Competitive currency devaluation does not benefit any country and could cause chaos to global financial order, former China central bank governor Zhou Xiaochuan said on Friday.
Japan’s top currency diplomat issued a warning against excessive volatility in the exchange-rate market, threatening to act if currency moves become too volatile.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Trump-administration driven Western sanctions are blocking the massive reconstruction aid and investment Syria needs to rebuild.
US President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Based on the current official exchange rate, the new banknote will be equivalent to 52 US cents.
Turkey’s economy grew 5.9 per cent in the fourth quarter and 1.8 per cent in 2020 as a whole, annual data showed on Monday, emerging as one of only a few globally to avoid a contraction due to the pandemic.
The SBP said the accounts have been opened by overseas Pakistanis from over 100 countries, indicating the increasing reach of the RDA and helping the government and the central bank improve the external account of the country.
The suspect used to offer fake dollar bills at half of their actual value.