Foreign currency deposits comprise deposits from domestic companies, foreign nationals who have resided in the country for longer than six months and foreign companies operating in Korea.

preferring foreign currency due to the hyperinflationary environment. Last week, the country's acting finance minister, Patrick Chinamasa, allowed the use of foreign currency by everyone else.

Global ratings agency Fitch on Thursday downgraded China's long-term foreign currency credit rating to 'A' from 'A+', on expectations of weak public finances and rapidly rising debt.

Argentine President Javier Milei’s economy minister says the libertarian government would lift the country’s strict capital and currency controls in a few days ...

China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered ...

The Bank of Mozambique, in its role as regulator of the national financial system, has decided to increase the amount of ...