The HKD has triggered the weak-side Convertibility Undertaking at 7.85 per USD, prompting the Hong Kong Monetary Authority ...

Core Inflation Rate YoY Flash for Jul in Euro Area is 2.3%, unchanged from its last period. The forecast was 2.2%. Inflation ...

It is not necessary to have convertibility to have a gold standard system. A currency manager (central bank) can maintain the value of its currency at a gold parity without this feature ...

Reforms do not necessarily mean free-floating yuan, says PBOC chief Central bank chief Zhou Xiaochuan said on Monday that the country's goal to achieve the yuan's capital account convertibility ...

China is pushing forward its currency Renminbi (RMB)'s capital account convertibility gradually and in a stable manner, said an official with the State Administration of Foreign Exchange (SAFE ...

Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major step forward. Thought leaders are abandoning "old ...

Convertibility is a jawbreaker with a simple meaning. With convertible currency a man who earns money in foreign trade can change it into any other currency, spend it where he likes, without any ...

"We have already achieved about 30-40 percent of the capital account convertibility. It is not advisable to have a full capital account convertibility in one go," the finance ministry official said.

Convertibility thus precedes internationalisation which means the case for convertibility needs to be established first. This has been inconclusive ever since the currency turmoil witnessed in ...

China has the opportunity to boost the yuan’s international role compared with currencies such as the US dollar and euro, according to a new report.

Since 2002, and with convertibility over, accumulated inflation in Argentina soared 435%., and the Peso in the black market, once equivalent to a US dollar, is now worth less than five US cents.