The Kenyan Treasury defends the current valuation of the shilling, with CS Mbadi suggesting it is undervalued and would ...

Kenya will hold further talks with the International Monetary Fund to overcome the key obstacles that have so far prevented ...

Swap from the US dollar comes amid difficult relations with Washington but is primarily driven by the Kenyan government’s domestic economic and political concerns rather than marking a major ...

Mbadi says the local currency’s stability is backed by improving macroeconomic fundamentals, including improved diaspora remittances, tourist receipts and strong export earnings.

The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...

Zimbabwe's economy faces significant challenges as the IMF warns of persistent dollarisation, while local industries urge ...

The Republic of Korea’s foreign reserves increased for the fifth consecutive month in October, reaching their highest level in 33 months, according to data released by the Bank of Korea (BOK) on ...

Ethiopia and Kenya may become Africa’s first countries to repay Chinese loans in Beijing’s currency. It’s the latest in a ...

China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic ...

Ukrainians kept their euro demand steady in Q3 2025, matching last year’s levels despite ongoing US uncertainty, the NBU’s ...

European banks increased their reliance on U.S. dollars last year, Europe's banking regulator said on Monday, amid growing ...