International Monetary Fund Archives

Argentina with a record 6.5% inflation in September, and 40.5% in 12 months

Mar 20, 2023 | News

Article originally appeared in Santiago Times (here) BUENOS AIRES – Argentina says that consumer prices rose 6.5% in September bringing the twelve months inflation rate to 40.5%, one of the world’s highest. The inflation rate published by the official...

Digital Currency Substitutions Will Displace Domestic Money in National Economies

Oct 19, 2020 | Economic Collapse

Central bank digital cash could see foreign currencies , with adoption of the tech also potentially boosting illicit capital flows without proper safeguards, the International Monetary Fund said on Monday. Central banks around the world began looking closely at their...

IMF to Revise Global Economy Forecast Downward

Jun 15, 2020 | Economic Collapse

China cases jumped the most in almost two months and Beijing shut a major food market and nearby housing districts amid fears of a resurgence of coronavirus. The International Monetary Fund expects to further revise down its forecast for the global economy this...

UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries

Apr 23, 2020 | Economic Collapse

For weeks, the United Nations, International Monetary Fund, and World Bank have stated the only solution for emerging market economies severely damaged by the coronavirus outbreak is a “debt jubilee.” The United Nations Conference on Trade and...

A New Gold Standard: Will It Be Orderly Or Chaotic?

Jan 10, 2020 | News

Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914, the global monetary system was based on the classical gold standard. Then in 1945, a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past...