As the U.S. moves to ban a retail CBDC while China’s Digital Yuan sets transaction records, Europe’s Digital Euro finds ...

The gold standard was unilaterally abandoned in 1971 and replaced by a fiat system stipulating paper money as legal tender.

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing ...

A Chinese envoy on Thursday called on relevant countries to support the rebuilding of Afghanistan's financial system and ...

In his first public response to the consumer outcry following the fatal shooting of one of his top executives, UnitedHealth ...

The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic ...

Most stock markets in the Gulf region edged higher in early trade on Thursday as investors awaited U.S. inflation data, due ...

US President-elect Donald Trump threatened to levy 100% tariffs on BRICS — a China- and Russia-led group of nations with ...

The nine-member organization known as BRICS initiated discussions surrounding the creation of their own currency system at their October summit in Kazan, Russia, where 13 new partner nations were ...

Washington | A former vice chairman of the US Federal Reserve ... should follow the American system. Randal Quarles said that while the idea of having a separate monetary policy board was ...

The US currency represents roughly 58 per cent of ... away from a shared currency and toward new cross-border payment systems with the goal of creating a more diverse financial network.