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Tags Posts tagged with "US dollar"

US dollar

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Myanmar's currency, the kyat, became Asia’s best performing currency in US dollar terms so far this year....

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A surprise announcement by Cambodia’s central bank on May 29 that it plans to phase out the...
Myanmar set to turn into major gold exporter

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Myanmar`s Ministry of Commerce is in the process of officially removing a regulation that prevented traders to export gold for more than five decades,...
Indonesian businesses asked to start hedging “beyond usual” as rupiah tumbles

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Indonesia’s central bank on April 25 urged businesses in the country to hedge their foreign exchange needs beyond minimum requirements, as policymakers seek to...
Yuan set to end US dollar dominance in Cambodia

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The National Bank of Cambodia and the People’s Bank of China announced that they – for the first time – have introduced an official...
Thailand’s exports surge despite strong baht

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Despite a considerably strong domestic currency, Thailand’s exports in August grew at their fastest pace since January 2013, far better than expected as demand...
Philippine peso region’s worst performing currency, more downside seen

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The Philippine peso on August 14 sailed through the 51:1 barrier against the US dollar, a value not seen since August 2006, bringing about...
Philippine economic growth expected to slow down in 2017

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Growth of gross domestic product (GDP) in the Philippines is seen to slow down this year, at least as per the forecast of UK...
Cambodia exploring ways to become cashless society

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The National Bank of Cambodia is pushing ahead with trials for interbank payments using blockchain technology that facilitates secure financial transactions. To that end, the...
Malaysia’s inflation climbs to over 5%, highest in eight years

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Amid a recovery in the ringgit exchange rate to the US dollar, Malaysia's annual inflation rate is expected to have risen to 5.3 per...
Thailand, Malaysia, Indonesia enter currency pact to counter strong US dollar

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The central banks of Thailand, Malaysia and Indonesia agreed on a currency cooperation in order to promote the use of their local currencies for...
Indonesia revives plan to cut three zeros from its rupiah banknotes

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Just on the day when Indonesia's central bank revealed newly designed rupiah notes that will replace the ones in use since the year 2000,...
Malaysia’s ringgit hit hard amid geopolitical changes

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Malaysia's currency slid to levels last seen during the Asian financial crisis in 1998, reaching 4.4438 to the US dollar in November 23 trading...
Myanmar struggles to control tumbling currency

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Myanmar's central bank has increasing difficulties to prevent the depreciation of the country's currency, the kyat, which has reached new record lows these days. The...
Cambodia to get third “official” currency: The yuan

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The US dollar as Cambodia's anchor currency could soon become competition from the "redback" in case a new initiative by the country's tourism ministry...
Indonesia struggles to take the brakes off slowing economy

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Indonesia’s President Joko Widodo believes that now is “the best time to invest” in the country despite its current economic problems. During his first...