The magnitude of devaluation on August 11 is the largest since the current managed floating exchange rate system was introduced in July 2005. The midpoint rate of the yuan against the dollar ...

China is implementing a "trinity reform package" consisting of a shift of the yuan to a floating exchange rate system, the liberalization of interest rates, and the liberalization of capital ...

In a historic move, the central bank of Bangladesh has depreciated the local currency against the US dollar mainly to make the country more competitive in international trade, a move that exporters ...

TOKYO -- More countries are adopting a managed floating exchange rate system, especially as a number of emerging countries try to safeguard their currencies from increased volatility in foreign ...

Bangladesh's shift to a market-based currency exchange system marks an effective transformation of the country's macroeconomic policy approach. By allowing market forces to play a greater role in ...

Former Vice President Atiku Abubakar has described President Bola Tinubu’s floating exchange rate system as an overkill. Atiku stated this on Sunday while listing things he would have done differently ...

RMB exchange rate formation mechanism reform is a significant part of deepening reform. At the beginning of reform and opening-up China adopted unified exchange rate system. From 1981 to 1984 China ...