Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis

New RBI regulations allow exporters to keep foreign exchange proceeds in Foreign Currency Accounts for up to three months.

As businesses in the United States have had to adjust to a dynamic interest rate environment and increased geo-political risks, they’ve had to implement strategies to protect themselves from turbulent economies, both domestic and foreign. Foreign ...

Taiwan's central bank has asked custodian banks involved in foreign exchange transactions to exercise restraint in trades as it seeks to rein in the soaring local currency through "moral persuasion",

The Bay County Sheriff's Office got word from a local financial institution that residents are being scammed in a foreign currency investment scheme.

Finance Minister Nirmala Sitharaman unveiled the Foreign Currency Settlement System, which facilitates real-time foreign currency transactions, enhancing liquidity and compliance. She stressed responsible fintech innovation,

Speaking at a press conference on Thursday at the Arthur Chung Conference Centre (ACCC), Dr Jagdeo said: “There is no crisis in the foreign currency market.”

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. I have a new article in the China Project laying out China’s shadow reserves—foreign exchange either bought by the People’s Bank of ...

Market sources said physical dollars are scarce, with exchange companies increasingly issuing dollar-denominated cheques, which can be deposited in foreign currency accounts. Dealers attributed the shortage partly to banks delaying payments to exchange companies, making it harder to access physical cash from the open market.