Venezuelan President Nicolas Maduro has suspended the withdrawal of the country's most widely-used banknote after higher-denomination notes failed to arrive in time.
Police have opened fire on protesters in parts of Venezuela after looting broke out due to a severe cash crisis.
The president says the move to take the 100-Bolivar note out of circulation is to combat smuggling, but it has been strongly criticised.
The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman
Our global financial system is built around national and multinational currencies managed by state institutions. But the actors driving the global
Egypt's foreign currency crisis is causing big problems as much of its food and energy is imported and ordinary people are suffering amid rising prices.
The Russian ruble on the last currency trading day of the year has hit a new 2015 low against the US dollar, at one point falling to 73.20 to the
Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that
Russia’s Central Bank has left interest rates unchanged amid turmoil surrounding the rouble’s decline, falling oil prices and rising inflation. After
China’s foreign currency reserves suffered their largest monthly fall on record in August. It’s the result of heavy intervention by the central bank
In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up
Turkey's political future hangs in the balance as Prime Minister Davutoglu hands back the mandate to form a government to President Erdogan.
With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high
Russia’s slide into recession has predictably hit European tourism and luxury goods firm hard. Despite making dramatic reductions and cost-cutting
An epidemic of ruinously high mortgage payments and negative equity is afflicting Central and Eastern Europe. People who bought into the dream of
The collapse of the rouble, caused in part by EU sanctions against Russia over its alleged support for Ukrainian rebels, has had an impact on parts
Russia’s central bank is keeping the financial world guessing by unexpectedly cutting its main interest rate to 15 percent. Just over a month ago
More bad news on the oil price and fears of the repercussions of intensified fighting in Ukraine sent Russian shares sharply lower on Monday . The
It has been a bleak start to the New Year for the rouble. The Russian currency opened sharply lower against the dollar on Monday dragged more than
Russia’s economy is likely to shrink by as much as five percent in 2015, due to Western sanctions, the collapse of the rouble and the price of oil
Russia is caught in what one government minister called a “perfect storm” of plummeting oil prices, sanctions and the flight of investors
He attempted to reassure the Russian people about the state of their economy under his leadership. But a defiant President Vladimir Putin also took
Russia’s economic problems drew a slew of questions at President Vladimir Putin’s end-of-year news conference. Blaming external factors for the
Ukraine’s currency, the hryvnia, has slumped to a fresh all-time low, in the face of the fraying ceasefire in the east of the country. The
The Russian rouble slumped to a new record low against the US dollar on Tuesday It was already this year’s biggest declining currency in a major
Political turmoil has sent shock waves across the Russian economy. Moscow stock markets opened on Monday with the country’s benchmark index recording
Russia woke up to a financial shock on Monday as the rouble fell to an historic low against the dollar. Within the first minutes of trading
Ukraine’s currency, the hryvnia, fell to a new record low against the dollar on Thursday. It has been falling in value for weeks due to the
Ukraine’s currency, the hryvnia, remained under pressure following the fresh violence there, but traders said it could have been much worse. As