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SHANGHAI (Reuters) -China's major state-owned banks have been active in the currency market this week, buying the yuan and helping hasten its recovery against a broadly weaker U.S. dollar, two sources told Reuters on Tuesday. The big banks, which sometimes act on behalf of Chinese monetary authorities, have in the past year often sold dollars to slow the yuan's decline. The yuan has gained 2% in the past week, to stand at levels of around 7.13 to the dollar - its highest in nearly four months.

The State Bank of Pakistan (SBP) has invited applications from talented and energetic candidates for the Karachi-based position of Director (OG-7) in the Digital Innovations and Settlements Department (DI&SD).

Is the Zimbabwe dollar facing an existential threat? Yes, if the trend reported in the 2023 Mid-Term Monetary Policy Statement released this week is not reversed. While the actual level of dollarisation is not known, data from the central bank that formed part of the Mid-Term Monetary Policy Statement can be used as a proxy.…

Argentine monetary authorities on Monday devalued the peso by around 20 percent in anticipation of a market backlash to the strong performance of far-right politician Javier Milei in a presidential primary election.The libertarian Milei, a political outsider who has proposed dollarizing the country's battered economy, performed much better than expected in Sunday's vote, in what local media referred to as a "political tsunami."

'Filipinos here in the Philippines cannot simply accuse Filipino-Americans of wanting better when all of us here aspire to the same thing'