Discover the top currencies pegged to the U.S. dollar, explore the benefits of pegging, and understand why nations choose this fixed exchange rate strategy.

Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

One of the landmark developments influencing financial markets in the post-war era occurred 50 years ago, when the international monetary system shifted from a fixed to a floating exchange-rate regime ...

Addressing a Parliamentary question to Minister of Treasury and Finance Albayrak, HDP MP Garo Paylan has noted that the exchange rate of US dollar has been fixed at 6.86 Turkish Lira in the last weeks ...

The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...

The U.S.-China trade war and anti-Beijing protests in Hong Kong are testing the strength of the Hong Kong dollar’s 36-year peg to the U.S. dollar, which has helped make it an attractive market for ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. IMF Article IV requires that the IMF exercise "firm surveillance" over the ...

MOLINE, Ill., Dec. 13, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) announced today that it has extended its registered exchange offer to exchange up to $45,000,000 ...

HARARE, March 26 (Reuters) - Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus ...

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq:INBK) today announced that it is extending to 11:59 p.m., New York City time, on December 30, 2021, its offer to exchange ...

WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE:CUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...