The Latest Breaking News from Bretton Woods

What Is Money Supply?Money supply represents the total amount of money in circulation, including cash, coins, account balances held in banks, and funds that aren’t quickly transferable into cash. Since the collapse of the Bretton Woods system in the 1970s and the abandonment of the gold standard, ...

What Are Foreign Exchange Reserves?Foreign exchange reserves are a nation’s holdings of other countries’ currencies that can be converted into its own currency through the foreign exchange market, as well as holdings of foreign assets in government securities, such as bonds, and gold, that can be ...

The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles. With a price of RUB5,000 (£45.12) for a gram of gold, to my knowledge it’s the first time that a nation’s currency has been expressed in “gold parity” since Switzerland decided…

President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the US dollar by freezing Russian assets, the Kremlin said. Russia's economy is facing the gravest crisis since the…

Every month, the Bank for International Settlements calculates and publishes the real and nominal effective exchange rates for major currencies. The most recent data, released in mid-February, contained a shock for Japan. They show that the yen's real effective exchange rate (Reer, representing roughly the purchasing power of the currency)…

Our global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity