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" currency"

676 results

World - Region
9/28/2022 5:37:08 PM
Lebanon will weaken its official exchange rate for the first time in more than two decades, a central bank official said, as part of efforts to tackle a crippling financial crisis.

Business - Economy
9/28/2022 2:51:00 PM
The Egyptian pound plunged to a new low against the US dollar on Wednesday amid a shortage in foreign currency in the country.

Al-Ahram Weekly - Egypt
9/23/2022 12:51:00 PM
The government is refining strategies to attract hard currency.

World - Region
9/22/2022 3:46:36 PM
Turkey's currency fell to a record low against the dollar before a central bank meeting on interest rates Thursday, expanding the pain for people who have seen their purchasing power erode during a series of economic shocks in the country.

World - Region
9/20/2022 10:08:48 AM
Protesters scuffled with Lebanese security forces Monday outside the Justice Ministry in Beirut, demanding the release of two people arrested last week during a bank heist.

World - Region
9/19/2022 12:24:12 PM
The Lebanese pound has hit a new low against the US dollar on the black market, a drop that coincides with bank closures this week due to heists by angry depositors.

Business - Economy
9/17/2022 8:59:22 PM
Moscow uses local currency settlement mechanism in trade exchange between Russia and Egypt - mutual acceptance of payments in the Russian ruble or the Egyptian pound - amid western sanctions that have blocked the country's access to the dollar and euro since the start of the Ukraine crisis, Russian Ambassador to Cairo Georgy Borisenko said.

World - International
8/31/2022 12:27:34 PM
While global supply pressures have been easing in recent months, "specific European problems continue to push inflation higher," ING Bank economist Bert Colijn wrote in an analyst note. "The gas supply crisis and droughts are adding to persisting supply-side pressures on inflation at the moment."

Al-Ahram Weekly - Egypt
8/26/2022 5:35:00 PM
With a new governor at the helm of the Central Bank of Egypt, Al-Ahram Weekly examines likely changes to monetary policy.

Egypt - Society
8/10/2022 7:37:24 PM
Egypt seeks an average of 15 percent savings in natural gas pumped yearly into power stations nationwide to be redirected for export with the aim of bringing in more foreign currency amid the spike in the oil and basic goods prices, the country's Prime Minister Mostafa Madbouly said.

World - Africa
7/25/2022 7:26:23 PM
Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country's unstable currency.

Egypt - Society
7/8/2022 6:09:00 PM
Each year Egyptians celebrate Eid El-Adha by slaughtering sheep, goats, or cows or buying sizeable amounts of meat. However, the recent global and local price hikes have dipped demand for meat and other commodities.

Business - Economy
7/8/2022 6:02:00 PM
The euro fell below $1.02 this week to its lowest level in 20 years. Here are the concrete consequences of the decline in the value of the single European currency.

World - Region
6/19/2022 9:47:30 AM
Outside his butchery in the south of Iran's capital, Ali cuts up a sheep carcass for customers who, like him, have seen inflation and subsidy reform devour their purchasing power.

World - Region
6/16/2022 3:36:29 PM
Iran's Central Bank is allowing licensed exchange offices to resume buying and selling foreign currency, days after traders protested over the worsening economic situation and the country's currency dropped to its lowest value ever, state-run media reported Thursday.

Egypt - Politics
6/15/2022 8:10:17 PM
Prime Minister Moustafa Madbouly urges Egyptians to rationalise their consumption amid the global food crisis to ease the foreign currency burden on the state, yet he affirms the availability of basic commodities.

Al-Ahram Weekly - Economy
6/15/2022 12:58:00 PM
While food items are available in abundant quantities, stocks are running low on imported finished goods.

Business - Economy
6/13/2022 1:33:42 PM
The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.

Business - Economy
6/12/2022 8:06:39 PM
Egypt’s agricultural exports reached 3.5 million tonnes from January till 11 June 2022, the Agriculture Minister El-Sayed El-Quseir announced on Sunday after receiving a report from the head of the Central Administration of Plant Quarantine.

World - Region
6/12/2022 2:21:14 PM
Iran's currency Sunday dropped to its lowest value ever as talks to revive the country's tattered nuclear deal with world powers remained deadlocked.

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