The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.

The author is an editorial writer of the JoongAng Ilbo. Koreans share a collective anxiety rooted in a traumatic past: the “foreign exchange crisis.” The 1997 Asian Financial Crisis, when Korea’s ...

Financial leaders urge central banks to place a slice of foreign exchange reserves with local lenders – under tighter ...

Foreign currency reserves are assets mostly denominated in foreign currency and held by the Central Bank of a nation. These are important to maintain the financial stability of a nation as well as to ...