Nov 12, 2014/Bloomberg The sharpest drop in oil prices since 2008, coupled with a surge in the dollar, are testing the resolve of energy-producing nations to defend their currency pegs. Even Saudi Arabia, whose $745 billion reserves may allow it to maintain the link for years, is feeling the pressure […]

Nov 11, 2014/Reuters Nigeria’s foreign exchange reserves fell to a 4-month low of $37.9 billion as of Nov. 7, down 3.99 percent month-on-month after the central bank sold dollars to banks to prop up the value of the naira currency. Data published by the central bank on Tuesday showed the […]

November 11, 2014 by iMFdirect By Bertrand Gruss and Fabiano Rodrigues Bastos China is still a distant and exotic country in the mind of many people in Latin America. Yet, with the Asian giant rapidly expanding its ties with the region (the share of exports going to China is now ten […]