Maintaining fixed exchange rates became increasingly difficult, leading to the collapse of the system when the U.S. suspended the dollar’s convertibility into gold in 1971.

International Monetary Fund (IMF) has called on Malawi to abandon the fixed exchange rate and instead adopt a flexible, ...

Nepal has maintained a fixed exchange rate regime since the 1960s. Given India's role as Nepal's largest trading and investment partner, the Nepali rupee (NPR) is pegged to the Indian rupee (INR ...

This resulted in abandoning the fixed exchange rate system and letting the peso freely float. Consequently, the peso underwent rapid depreciation, with one peso equating to only 0.25 US dollars by ...

But most countries today operate some form of flexible exchange rate. Their central banks don’t intervene in support of a particular exchange rate. Here, there may be no actual shortage.

Nigeria’s steps to unify naira exchange rates have been welcomed by the international investor community, but improvements in foreign exchange liquidity are yet to emerge. The Central Bank of Nigeria ...

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...

CAMBRIDGE – Fifty years ago this month, in March 1973, the Bretton Woods arrangement of fixed exchange rates was abandoned, and the world’s major currencies – including the US dollar, pound, yen, and ...