The exchange rates between the USD and other currencies can fluctuate wildly. The yen dropped a lot in 2022 and then again in 2023 against the USD. So the value of yen-denominated assets held by central banks (other than the Bank of Japan) would have declined whe...
and the holdings in EUR, YEN, GBP, CAD, RMB, etc. are translated into USD at the exchange rate at the time. So the exchange rates between the USD and other reserve currencies change the magnitude of thenon-USD assets– but not of the USD-asse...
ECONOMYNEXT – Lanka IOC, a unit of Indian Oil Corporation has reported profits of 2,120.2 million rupees in the December 2024 quarter, down 30 percent from a year earlier, as revenue fall outpaced the decline in the cost of sales in the same quarter a year ago, interim account s...
India’s debt in rupees is 96% of total debt..and thus much different to Turkey and Argentina ( Daniel Lacalle) ii)all other emerging markets the rout across emerging markets continues unabated. The definition of contagion: “catching falling knives inside emerging markets:” ( zerohedge)9...