Discover how dollarization stabilizes fledgling economies and attracts foreign investment by replacing the local currency with the U.S. dollar for safety.

Globally, the U.S. dollar is holding on as the most used reserve currency in the world as the International Monetary Fund (IMF) reports that around 60% of global reserves are held in the U.S. dollar.

Currency strength serves as a key indicator of a nation’s economic health, political stability and financial policies. While numerous factors influence currency values, consistent economic performance ...

Rudi Dornbusch, the late MIT economist, famously said currency crises take a lot longer to occur than you would have thought possible. But when they do occur, they go faster than you would have ...

Asian officials went on the offense against the resurgent dollar, with some choosing to stand together but all united in their desire for currency stability. The latest salvo came from Japan’s ...

The U.S. dollar, Swiss franc, and Japanese yen are among the most commonly cited safe haven currencies. Understanding the role of these currencies, the reasons they are considered safe havens and ...

Kuwait’s strong economic performance, supported by substantial oil reserves and effective fiscal policies, has helped maintain a high exchange rate for its currency. In contrast to nations facing ...

Investors tend to look for countries with economic and financial stability when considering a currency’s safe haven status The U.S. dollar, Swiss franc and Japanese yen are among the most commonly ...

Swapping out old currency notes for new ones has sparked protests and economic instability in Nigeria. Efforts by the Central Bank of Nigeria (CBN) to withdraw old notes and drive citizens towards ...

In the wake of the East Asian, Russian, and Brazilian currency crises of the 1990s, a growing chorus of observers and economists (for example, Radelet and Sachs 1998, and Stiglitz 2000) has argued ...

The Naira-for-crude oil transaction framework presents significant risks that could affect Nigeria’s foreign exchange stability and deter Foreign Direct Investment (FDI), the Executive Secretary, ...