2016 News Archive

IMF eyes more China yuan transparency with reserve currency move

By David Lawder

China will need to keep improving the transparency of its exchange rate regime once its yuan...

Iraqi finance minister sacked, risking economic fallout

By Saif Hameed and Ahmed Rasheed

Iraq's parliament sacked Finance Minister Hoshiyar Zebari on Wednesday over corruption...

Britain Announces Interest in Investing in Iraq

Minister of Foreign Affairs Dr Ibrahim Al-Jaafari met the British Minister of State for...

South Korean Won Retreats as Investors Cautious Before Fed, BOJ

By Y-Sing Liau

South Korea’s won headed for its steepest drop in almost a week as investors awaited policy...

India Pledges $1 Billion in Economic Aid to Afghanistan

By NIHARIKA MANDHANA

Tightening ties between the two countries is likely to raise concern in Pakistan

China's yuan ends firmer, c.bank denies it is stabilising currency

China's spot yuan finished firmer on Monday as state-owned banks sold dollars, traders said

Turkey, Russia explore option to use local currencies

Goal is to let Russian citizens visiting Turkey pay in rubles and Turks visiting Russia pay in...

Border closure means heavy losses for Afghan traders

Afghan traders worried fruit exports are rotting after two-week border closure