Moody’s has downgraded the Maldives’ long-term local and foreign currency issuer ratings, citing a significant rise in default risks. The downgrade reflects the country’s critically low foreign exchange reserves, which have fallen below 50 million dollars in net reserves as of July. Despite efforts to secure external financing, the prospects for a sharp recovery remain dim.

Moody’s downgrades Maldives’ credit rating

India's forex reserves fall for the second consecutive week

China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar by reducing the amount of foreign currency banks need to hold. Molly Gambhir tells you what this move means for Beijing.

WION Fineprint | Why China’s central bank is shoring up the Yuan

Russia can't use half of its foreign currency due to western sanctions: FM

Hitting new lows against the foreign currencies, Turkey's Lira has fallen as low as 14 to US dollar, this after President Erdogan doubles down on rates policy

Turkey's Lira hits new lows against foreign currencies

Taliban ban use of foreign currency in Afghanistan

The Taliban announced a complete ban on the use of foreign currency in Afghanistan, a move that could further disrupt an economy on the brink of collapse.

To combat a growing cash crunch, Sri Lanka tightens foreign currency outflows

Sovereign borrowing in foreign currency should be accompanied by well-crafted policy: Ind-Ra

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