currency

Lira hits record lows as rate cut sets Turkey on uncertain path
Middle East

Lira hits record lows as rate cut sets Turkey on uncertain path

ANKARA, Sept 24 (Reuters) – Turkey’s lira hit an all-time low against the dollar on Friday, a day after the…
China: Central bank declares all cryptocurrency transactions ‘illegal’
World

China: Central bank declares all cryptocurrency transactions ‘illegal’

China’s central bank has made all cryptocurrency transactions illegal in mainland China, the bank announced in a statement on Friday. In a…
Afghans struggle with empty ATMs, soaring prices
Middle East

Afghans struggle with empty ATMs, soaring prices

Over a week after the Taliban’s takeover of Afghanistan’s capital Kabul, its residents are reeling from a severe shortage of cash…
West Africa’s Eco currency plan remains a pipe dream
World

West Africa’s Eco currency plan remains a pipe dream

Since its conception in 2003, leaders of the fifteen-member Economic Community of West African States (ECOWAS) have postponed the launch of…
Turkish lira plunges to near record lows on cenbank chief’s sacking
Middle East

Turkish lira plunges to near record lows on cenbank chief’s sacking

ISTANBUL (Reuters) – Turkey’s lira slid 15 percent to a near all-time low on Monday after President Tayyip Erdogan’s shock…
US Dollar to Egyptian pound exchange rate for Monday
Business

US Dollar to Egyptian pound exchange rate for Monday

The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.63 for purchase and LE15.73 for…
US dollar falls against Egyptian pound on Wednesday
Business

US dollar falls against Egyptian pound on Wednesday

The US dollar to Egyptian pound exchange rate decreased by one or two piasters on Wednesday, recording LE15.62 for purchase…
Sudan floats currency, part of measures to overhaul economy
Middle East

Sudan floats currency, part of measures to overhaul economy

CAIRO (AP) — Sudan took the unprecedented but expected step of floating its currency Sunday, meeting a major demand by…
US dollar falls at Egyptian banks on Thursday
Business

US dollar falls at Egyptian banks on Thursday

The US dollar fell against the Egyptian pound by between one and four piasters at some banks on Thursday, with…
Analysis: Foreigners suspend disbelief, edge back into Turkish markets
Middle East

Analysis: Foreigners suspend disbelief, edge back into Turkish markets

ANKARA/NEW YORK (Reuters) – Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging…
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