Union minister of finance Nirmala Sitharaman launched the foreign currency settlement system (FCSS) at Gujarat International ...

Nirmala Sitharaman launches real-time foreign currency settlement system at GIFT City, positioning India among top global ...

The ZiG represents a departure from these unbacked paper currencies. Linking it to gold is intended to instill confidence, ...

While geopolitical tensions and the risk of sanctions have fueled diversification efforts, the greenback’s international ...

Central bank digital cash could see foreign currencies displace domestic money in national economies, with adoption of the tech also potentially boosting illicit capital flows without proper ...

A project involving 13 of the world's largest banks and aimed at launching digital versions of major currencies in 2020 is no longer likely to get going this year, the company set up to run the effort ...