currency crisis

Riots in impoverished north Lebanon city amid currency crash
Middle East

Riots in impoverished north Lebanon city amid currency crash

BEIRUT (AP) — Clashes broke out between protesters and security forces in northern Lebanon Monday amid a crash in the…
Lebanon’s currency on downward spiral amid financial turmoil
Middle East

Lebanon’s currency on downward spiral amid financial turmoil

BEIRUT (AP) — Lebanon’s currency continued its downward spiral against the dollar on Thursday, reaching a new low amid financial…
CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office
Business

CBE governor who led Egypt through worst currency crisis in 30 years to serve second term in office

Egyptian President Abdel Fattah al-Sisi has renewed Tarek Amer’s term as governor of the Central Bank of Egypt (CBE), al-Borsa newspaper reported…
Turkish lira slides on trade war unease, hit by ‘flash crash’
Middle East

Turkish lira slides on trade war unease, hit by ‘flash crash’

ISTANBUL/ANKARA (Reuters) – The Turkish lira weakened more than 1% against the dollar on Monday, after briefly tumbling to 6.47…
Nearly a year after currency crisis, unemployed Turks still ‘can’t dream’
Middle East

Nearly a year after currency crisis, unemployed Turks still ‘can’t dream’

ISTANBUL (Reuters) – Murat Abi found employment in construction after moving to Istanbul from eastern Turkey four years ago, including…
Turkish unemployment jumps to highest rate in nearly a decade
Middle East

Turkish unemployment jumps to highest rate in nearly a decade

ANKARA (Reuters) – Turkey’s unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a…
Finance Minister: Egypt more stable, foreign currency crisis over
Business

Finance Minister: Egypt more stable, foreign currency crisis over

Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business

Egyptian central bank floats pound, devaluing to LE13 per dollar

Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
Egyptian pound recovers LE2 against US dollar on black market
Business

Egyptian pound recovers LE2 against US dollar on black market

The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
Egyptian pound steady in regular dollar sale, weaker on black market
Business

Egyptian pound steady in regular dollar sale, weaker on black market

Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
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