US dollar
China hits back at criticism of yuan policy
PBoC denies devaluation claims, says other nations are responsible for their declining competitiveness
Reserve Benchmarks 2026 report – investing in uncertain times
Benchmarks highlight trend towards diversification, AI use and a modest response to tariffs
Firms are rejecting stablecoins – Cleveland Fed study
Local businesses express scepticism about technology, with one saying ‘just pay me in US dollars’
Swap lines with PBoC outnumber those with ECB by factor of three
Benchmark respondent complains of limited access to dollar swaps
Washington is guarding against the wrong dollar threat
Brics nations did not launch a common currency in New Delhi. The payment networks they are building may matter more
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
Pacific series: Climate is top issue for Fiji’s governor Ariff Ali
Head of central bank speaks about climate, inclusion, modernisation and vulnerability ahead of his likely retirement next year, following 30 years at institution
HKMA and PBoC explore ‘enhancements’ to swap line
New five-year plan cements city’s lead role in currency’s internationalisation efforts
Dollar losing ‘convenience yield’ outside US – NBER paper
US-based investors favouring repo over Treasuries, authors find
Naji Issa on Libya’s reform efforts and why he threatened to quit
The Central Bank of Libya governor speaks about the need for national unity and fiscal responsibility, digital transformation and exchange rate reforms
US dollar continues to dominate central bank FX reserves
Nearly all central banks hold dollars, but emerging market reserve managers have the highest allocations
De-dollarisation no guarantee of EM policy autonomy – study
Sarb paper argues sound domestic fundamentals are more crucial than lowering dollar usage
Dollar’s decline has been overstated, says NY Fed study
Fall in greenback’s share of FX reserves driven by concentrated drop among small number of states
Mozambique’s ‘debt scandal’ casts shadow over governor appointment
Activist says president’s U-turn is likely to have been prompted by public outcry
Shoring up the rupee: a sticking-plaster solution?
Trying to fight movement of India’s currency against fundamentals is futile, says former RBI governor
Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project
Economists design stress-test model of dominant currency
Geopolitical shocks can disrupt its hegemony, but dollar remains secure, NBER paper finds
Iraq receives $500m from Fed as government faces cash shortage
Oil-exporting country’s income comes under strain as Hormuz uncertainty persists
Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit
Implications of the 2026 Middle East war
Gavin Bingham, Paul Fisher and Andrew Large detail the monetary policy, financial stability and international co-operation challenges for central banks