Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The yuan's share of global reserves fell from a peak of 2.83 per cent in early 2022 to 1.93 per cent in the third quarter of 2025, according to IMF data - dwarfed by the US dollar at roughly 58 per ...

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar. Geopolitical uncertainty – ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on ...

China needs to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets, and reach the status of a global reserve. The mission for the yuan ...

Iran’s currency has dropped to ⁠a record 1,500,000 rials to the US ⁠dollar, according to several Iranian currency ‌tracking websites, weeks after protests ‌sparked by ‌the ⁠rial’s dwindling value ...

Johannesburg, South Africa – On a late November morning – two days before leaders of the world’s leading economies convened in Johannesburg for the 2025 Group of 20 summit – the governors of the South ...

The conventional wisdom among China watchers has long been that China will not allow a substantial appreciation of the yuan because its still hobbled domestic economy needs the boost from exports.

High inflation and a currency collapse have squeezed Iranians’ budgets, challenging the country’s leaders. A photo released by Iranian state media shows a protest in Tehran on Monday, a day after Iran ...

China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports. By Keith Bradsher Reporting from Beijing A night at the ...

This paper presents the most comprehensive and up-to-date panel dataset on global trade invoicing currency and examines recent pattern shifts with a focus on geopolitical alignment. Using data for 132 ...

Syria to issue new banknotes in December, sources say Two zeros will be removed from denominations - sources Change aims to restore confidence in devalued pound Also marks symbolic move away from ...