Washington, DC: On April 12, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with member countries on common policies of the Eastern ...

When Lula da Silva and Alberto Fernández, presidents of Brazil and Argentina respectively, announced last January that the two countries would start preparations to issue a common currency called ‘Sur ...

The United Arab Emirates has informed the secretariat of the Gulf Cooperation Council that it is pulling out of the proposed GCC monetary union, according to a report by the country’s official news ...

FRANKFURT, Germany (AP) — European Union officials gave the green light Wednesday for Bulgaria to become the 21st member of the euro currency union,, a key EU project aimed at deepening the ties ...

The European Union has given the green light for Bulgaria to become the 21st member of the euro currency union. The decision on Wednesday allows the Balkan nation of 6.4 million people to replace its ...

DAKAR, Jan 31 (Reuters) - Mali said on Wednesday it was not planning to leave West Africa's currency zone while Burkino Faso indicated it would do so after they and Niger announced their withdrawal ...

The Balkan country of 6.4 million people is to make the switch from its national currency, the lev, to the euro on 1 January. Here are basic facts about the currency union, also called the Eurozone, ...