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 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 ...

An employee at a bank counter in Nantong, East China's Jiangsu province, counts renminbi and US dollars. [Photo/China Daily] Even before the recent geopolitical tensions flared up, cracks had already ...

Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as the foundation of a new ...

Gold bars, 400 troy ounces or 28 lbs each, are displayed at the Bureau of Engraving and Printing (BEP) in Washington, DC. (Photo by PAUL J. RICHARDS/AFP via Getty Images) It’s hard to believe, but the ...

Europe’s monetary system is moving toward a digital future while keeping its traditional structure intact, according to senior European Central Bank officials s ...

From exchange rate unification to boosting foreign reserves through foreign capital inflows, bold reforms in the nation’s monetary management system dovetailed into expected volatility. Assistant ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

A global group of central banks is exploring how tokenization can be used to improve existing financial systems with a new project, the Bank for International Settlements (BIS) announced Wednesday.

Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...

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 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. The European Monetary System (EMS) was ...