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Results for

currencies

105 Results
  • Lebanon ready to float currency once aid is secured: Minister

    Lebanon ready to float currency once aid is secured: Minister

    Lebanon, whose currency has been pegged to the dollar for 23 years, is ready to float the pound only after it secures billions in aid, Finance ...
    Middle East
  • Lebanon c. bank sets exchange rate of 3,625 lira to dollar: Bank source

    Lebanon c. bank sets exchange rate of 3,625 lira to dollar: Bank source

    The Lebanese central bank set an exchange rate of 3,625 Lebanese pounds per dollar to be applied by money-transfer firms on Friday, a central bank ...
    Economy
  • Last day to withdraw transferred dollars in Lebanon, long lines at transfer shops

    Last day to withdraw transferred dollars in Lebanon, long lines at transfer shops

    Crowds lined up in front of some money transfer offices Thursday in Lebanon, the last day before a decision takes effect that will require all ...
    Economy
  • Lebanese lira plummets to half its official value

    Lebanese lira plummets to half its official value

    The Lebanese pound fell in value Wednesday to more than 3,000 to the dollar on the parallel market, half the official rate, foreign exchange bureaus ...
    Middle East
  • Turkey’s lira in late-day slide to weakest level since May

    Turkey’s lira in late-day slide to weakest level since May

    Turkey’s currency tumbled late on Friday to its weakest level in regular trading since May after the Treasury minister suggested the central ...
    Financial Markets
  • Beirut Airport again raises currency conversion rate

    Beirut Airport again raises currency conversion rate

    The Beirut Airport again raised its currency conversion rates to 1,950 Lebanese lira to $1.On Twitter, journalist Jacob Boswall shared a photo of the ...
    Middle East
  • Battle over banknotes threatens to create two economies in Yemen

    Battle over banknotes threatens to create two economies in Yemen

    Yemen’s warring sides opened a new front in their five-year conflict on Saturday, a battle over old and new banknotes that threatens to create ...
    Gulf
  • US Treasury removes designation of China as currency manipulator

    US Treasury removes designation of China as currency manipulator

    The US Treasury Department on Monday said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, ...
    Economy
  • Euro falls as economic worries deepen in Germany

    Euro falls as economic worries deepen in Germany

    The euro fell on Monday after German flash purchasing managers’ index (PMI) survey data for September was weaker than expected, raising more ...
    Economy
  • IMF warns against currency interventions to improve trade balance

    IMF warns against currency interventions to improve trade balance

    The International Monetary Fund (IMF) on Wednesday warned against governments trying to weaken their currencies through monetary easing or market ...
    Economy
  • China yuan weakens after signs of stability calm markets

    China yuan weakens after signs of stability calm markets

    China’s yuan has weakened again after signs its decline was stabilizing helped to reassure jittery financial markets.The currency edged down to ...
    Economy
  • US Treasury Department labels China a currency manipulator

    US Treasury Department labels China a currency manipulator

    The US Treasury Department labeled China a currency manipulator on Monday after Beijing pushed down the value of its yuan in a dramatic escalation of ...
    Economy
  • Chinese currency steadies after turbulent trading

    Chinese currency steadies after turbulent trading

    The Chinese currency steadied on Tuesday, a day after Beijing let the yuan weaken against the dollar, sending markets into freefall and leading the US ...
    Economy
  • Pound sinks to multi-year low amid fears of no-deal Brexit

    Pound sinks to multi-year low amid fears of no-deal Brexit

    The pound has sunk to a 28-month low as the UK government under new Prime Minister Boris Johnson says it is ramping up preparations for a no-deal ...
    Financial Markets
  • China lifts yuan mid-point to strongest level in 5-1/2 weeks

    China lifts yuan mid-point to strongest level in 5-1/2 weeks

    China’s central bank on Friday lifted its official yuan midpoint to 6.8472 per dollar, the strongest in 5-1/2 weeks, reflecting gains in the ...
    Financial Markets
  • New Venezuelan banknotes greeted with skepticism

    New Venezuelan banknotes greeted with skepticism

    Some Venezuelans are expressing skepticism about new banknotes that the government says will ease challenges posed by the country’s soaring ...
    Economy
  • Turkish lira weakens against dollar, weakest since Sept 24

    Turkish lira weakens against dollar, weakest since Sept 24

    Turkey’s currency weakened beyond 6.24 against the dollar on Thursday, hitting its weakest level in eight months amid concerns over the re-run ...
    Financial Markets
  • Turkish lira slips after local elections highlighted economic downturn

    Turkish lira slips after local elections highlighted economic downturn

    The Turkish lira weakened 0.3 percent against the dollar early on Monday after local elections in which President Tayyip Erdogan’s AK Party lost ...
    Economy
  • As prices soar, Turkey’s Erdogan woos voters with cheap veg

    As prices soar, Turkey’s Erdogan woos voters with cheap veg

    In a middle class Istanbul neighborhood, shoppers form a long line to an immense tent carrying a sign that reads “Total combat against inflation ...
    Features
  • Will bilateral trade with China in local currency end Pakistan’s economic woes?

    Will bilateral trade with China in local currency end Pakistan’s economic woes?

    In what is being described as an unprecedented move, Pakistan and China have agreed to do bilateral trade in local currencies. The move will not only ...
    Features
  • Challenging the dollar hegemony – prospects and pressures

    Challenging the dollar hegemony – prospects and pressures

    The daily news of new US sanctions and trade disputes with allies and foes alike have been a wake up call for many countries to seriously consider ...
    Middle East
  • Under-pressure Indian rupee hits record low against dollar

    Under-pressure Indian rupee hits record low against dollar

    India’s rupee hit a new record low of 72 to the dollar on Thursday as emerging market currencies suffered more losses. The under-pressure ...
    Economy
  • Indian currency decree did little to root out ‘black money’

    Indian currency decree did little to root out ‘black money’

    Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, ...
    Economy
  • Indian rupee plunges to new low against the dollar

    Indian rupee plunges to new low against the dollar

    India’s rupee hit fresh lows against the dollar Wednesday as emerging market currencies continue to be sold off.The under-pressure currency in ...
    Economy
  • Will Qatar’s billions save the Turkish lira from collapsing?

    Will Qatar’s billions save the Turkish lira from collapsing?

    Despite the strengthening of the Turkish lira recently, on the heels of the government and central bank measures, experts still consider that this ...
    Economy
  • World equities slip following Turkey currency woes

    World equities slip following Turkey currency woes

    Turkey’s worsening currency crisis sent world equities lower and emerging market currencies under selling pressure on Monday, while gains in ...
    Economy
  • Erdogan urges Turks to support Lira as Trump doubles tarrifs on metals

    Erdogan urges Turks to support Lira as Trump doubles tarrifs on metals

    Turkish President Erdogan appealed on Friday for calm amid currency drop, urging people to change foreign money into local lira. Erdogan’ stance ...
    News
  • Russia dollar bonds fall on US sanctions move

    Russia dollar bonds fall on US sanctions move

    Russian sovereign dollar bonds fell across the curve on Thursday, with some issues tumbling as much as 1.7 cents after Washington said it would impose ...
    Economy
  • Iranian MP says $9 bln went ‘missing’ amid the collapse of Riyal

    Iranian MP says $9 bln went ‘missing’ amid the collapse of Riyal

    Iranian member of parliament, Ezzatollah Yousefian Molla, revealed the “disappearance” of nine billion dollars in hard currency amid the ...
    Middle East
  • Clouds of uncertainty hang over India’s cryptocurrency industry

    Clouds of uncertainty hang over India’s cryptocurrency industry

    Stakeholders in India’s burgeoning cryptocurrency industry, who were laughing their way to the bank till recently, are now wandering around in a ...
    Banking & Finance
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