(Bloomberg) -- Egypt delivered its biggest-ever interest-rate hike and allowed its currency to weaken more than 38% in a long-awaited devaluation that may pave the way for billions more in loans from ...

(Bloomberg) -- Egypt’s central bank will likely wait out a pick up in inflation and put off interest-rate hikes until it builds its foreign-currency buffers enough to manage another currency ...

Additional support from international partners mitigates Egypt’s (B-/Negative Outlook) financing pressures but durably addressing the country’s external-sector resilience and financing constraints ...

On Tuesday, the People’s Bank of China (PBoC) raised the USD-CNY fixing to 6.2298 from 6.1162, the highest dollar fix in two years. The 1.9% depreciation was framed as part of its reform of the fix ...

HAVANA (Reuters) - Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rate system in a bid to ...

The Philippine peso hit a historical low closing price of P59.44 per dollar on Wednesday, continuing a trend of depreciation since the beginning of the year. Exchange rates are notoriously difficult ...

The naira is likely to be harmonised with the dollar this year, according to analysts’ prediction. United Capital Limited’s ‘Nigerian Economic Outlook for 2020 released on Monday however ruled out ...