
In approving the Chinese yuan as a 10.92 percent participant as a reserve currency in the global basket, the International Monetary Fund (IMF) warned that China’s inclusion could push up interest rates.
by Chriss W. Street1 Dec 2015, 5:31 AM PST0

The rapid and steady decline of Venezuela’s national currency, the Bolívar, is forcing a growing number of businesses to do trade only in American dollars, freezing out Venezuelan citizens from buying cars, renting apartments, or boarding flights offered by businesses that refuse their currency even when they can muster an equivalent amount of retail prices in Bolívars.
by Frances Martel26 May 2015, 9:10 AM PST0