Discover how central banks manage currency values through dirty floats, stabilizing economies by intervening in exchange rates to mitigate economic shocks.

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Bangladesh’s central bank is considering a crawling peg system for its currency, backtracking on an earlier pledge to allow the exchange rate to float freely. The plan isn’t final yet and Bangladesh ...

In his letter (Aug. 15) responding to my op-ed “Floating Currencies Compound Uncertainty” (Aug. 9), Prof. William Miles states that “currency boards would lead to more of the banking crises, debt ...

The North African country is under pressure to stick to the terms of a $3bn, 46-month financial support package signed in December with the IMF, which included a commitment to shift to a flexible ...

The value of the Russian ruble has plummeted to a record low, a reflection of international sanctions imposed in response to the invasion of neighboring Ukraine. Russia has fought back financially ...

Swaps are derivative contracts between two parties that involve the exchange of cash flows. One counterparty agrees to receive one set of cash flows while paying the other another set of cash flows.

Embed <iframe src="https://www.npr.org/player/embed/1472533/1472534" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> The ...

CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy ...