Changes in the free-floating rate will reflect demand and supply. While multiple exchange rates are easier to implement, some economists argue that implementing tariffs and taxes would be more ...

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex ...

Zimbabwe stopped short of free-floating its currency in the battle to end weeks of exchange rate volatility that has fueled the country’s latest economic turmoil.

Monday's exchange rate is a N23 depreciation when compared to N1,652.62 to a ... The chamber's president believes this rate is achievable if the CBN reviews the current free-floating exchange rate.

Zambia's government is committed to keeping a free floating exchange rate, Finance Minister Alexander Chikwanda said on Friday, after the central bank intervened repeatedly this week to support ...

Despite initial worries that greater exchange rate flexibility would trigger a temporary slump in the local currency, the market responded positively ...

The central bank, known as CBE, increased the key interest rate by 600 basis points to 27.75%. Following the announcement, the pound began floating and within hours lost more than 60% of its value ...

Zambia's government was committed to keeping a free floating exchange rate, Finance Minister Alexander Chikwanda said on Friday, after the central bank intervened repeatedly this week to support ...