Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

The Green Party is issuing a cautionary statement regarding a proposal ostensibly to finance a just and sustainable transition. Three authors have proposed a financing scheme for a Green International ...

The modern monetary system, built on fiat money, has weak foundations similar to the Leaning Tower of Pisa, risking economic instability and collapse. Historical debasement practices, like those of ...

The head of China's central bank has called for a new international monetary system led by a few strong sovereign currencies, after decades of U.S. dollar dominance. "The development of the ...

Treasury Secretary Scott Bessent said Wednesday that the International Monetary Fund and the World Bank are "falling short" of their original missions and guilty of "mission creep" as he asked them to ...

According to a 2025 report by the People's Bank of China, the RMB is now the world's third most-used currency for trade ...

"A gold standard would restore integrity and stability to the U.S. dollar and the international monetary system—qualities that have been sorely missing for years." — Steve Forbes, Chairman and ...

This year’s report provides the external sector assessment of 30 of the world’s largest economies on the basis of their 2024 data. Global current account balances in 2024 widened significantly. Staff ...

(Bloomberg) -- The international monetary system will likely move away from the dollar to a constellation of several coexisting global currencies, according to European Central Bank Governing Council ...

WASHINGTON, July 22 (Reuters) - Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund ...

THE TRUMP administration has injected a level of uncertainty into the international monetary system that global investors can no longer ignore. By eroding free trade, shaking global alliances, ...

Asia, the engine for global growth over the past decade and an innovation powerhouse, can help contribute to a stronger international monetary system and global financial safety net. This conference ...