The big bang has arrived for Uzbekistan’s financial system, with the government lifting decades-old currency restrictions that had choked entrepreneurship and enabled the black market to thrive. At ...

East African Community partner states are losing hundreds of millions of dollars annually because of persistent bottlenecks in currency convertibility, forcing traders and banks to rely on the US ...

“A freely convertible [currency] must have sound, credible and time-consistent macroeconomic policy,” noted Shri Padmanabhan, executive director of the Reserve Bank of India, recently, in an effort to ...