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The Moroccan dirham emerges as an alternative currency in African markets

As European banks retreat, debt balloons, and price volatility spooks central banks, Morocco's national currency is increasingly being used in continental trading.

Mohamed Sharki 01 December 2025

Employees count bundles of Yemeni Riyal banknotes at the Central Bank of Yemen in Sanaa on January 7, 2020.

Khaled Abdullah/Reuters

Politicising Yemen’s currency: new Houthi notes part of a pattern

Far from being a technicality, the militia that controls much of Yemen's west and north is using the rial and the physical expression of money to alter the state's identity.

Anwar Al-Ansi 26 July 2025

A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

Argentina and China Formalize Currency Swap Deal

Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on…

09 January 2023

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

Dollar Slides on Expectations of Less Hawkish Fed, Euro at 1-Month High

The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow its interest…

26 October 2022

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Dollar Hits 20-Year High as Markets Hunker Down for Higher Rates for Longer

The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down…

29 August 2022

Does the Dollar Dominance Matter for the US?

The dollar dominance has been a matter of controversy since the last decades of the 1900s. IMF reports show that the Dollar's share in the global foreign exchange reserve fell from 70% in 1999 to 59%…

Saif Al Abri 30 April 2022

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Eduardo Ramon

Business & Economy

US-China summit: this time, Xi sets the agenda

13 May 2026

Washington and Beijing have much to discuss during Donald Trump's visit. As they meet, both presidents will find that they are playing with different hands.

Shirley Ze Yu

Eduardo Ramon

Business & Economy

What the new US Fed chair could do differently

13 May 2026

Jerome Powell's successor, Kevin Warsh, takes the reins at a critical fiscal moment, as inflationary pressures caused by the US war on Iran begin to take effect worldwide.

Toufic Chanbour

Al Majalla

Politics

Is it the end of the two-party system in the UK?

13 May 2026

Britons seem fed up with establishment parties after Labour's disastrous performance in this week's local elections, and the Tories' similar failure two years ago

Con Coughlin

Festival General Delegate Thierry Fremaux speaks in front of the Cannes Festival official poster from the movie "Thelma & Louise" during a press conference in Cannes, France, on 11 May 2026.

REUTERS/Sarah Meyssonnier

Culture & Social Affairs

Cinema's changing face on display at Cannes

11 May 2026

This year, the renowned film festival appears to be addressing a world where films are made and consumed differently, while maintaining its legacy as the world's foremost arena for art cinema

Firas Al-Madi