currency crisis

Markets

Rouble strengthens after Putin reimposes currency controls

Moscow has imposed capital controls to prop up its currency, a similar move to the one that saved the rouble from collapsing in 2022 right after its full-scale invasion of Ukraine.

12/10/2023

No Comment

Watch: Protests in Lebanon as lira hits new low against dollar

Protests in Lebanon as the value of the Lira against the dollar drops to a new low, and the nation deals with the worst economic and financial crisis in its modern history.

24/03/2023

Turkey

'Everything is overheating': Why is Turkey's economy in such a mess?

Runaway inflation and the collapse of the lira has pushed millions of Turks to the brink of financial ruin. But what went wrong with Turkey's economy?

09/11/2022

Turkey

Thousands in poverty protest in Turkey as lira hits record lows

Turkey's net monthly minimum wage of 2,825 lira amounted to €337 in January 2021. Last Wednesday it was the equivalent of €197.

13/12/2021

Syria

Turkish lira's decline has impact over the border in Syria

The Turkish currency has in turn lost 40% of its value since the start of the year. More than 20% was lost during the last month alone.

03/12/2021

Money

Protests in Turkey's cities after lira plunges to new historic low

The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone.

24/11/2021

The Cube

Venezuela: 1 litre of milk could cost a third of your wage | #TheCube

#TheCube | "Hyperinflation is too great for families to feed themselves." Amid a political crisis and growing economic collapse, what is hyperinflation like for Venezuelans? The Cube reached out to social media users who told their stories through receipts.

15/02/2019

Venezuela

Venezuela reinstates the 100-bolivar banknote

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.

18/12/2016

Venezuela

Violence erupts as Venezuelans scramble to replace void banknote

Police have opened fire on protesters in parts of Venezuela after looting broke out due to a severe cash crisis.

17/12/2016

Venezuela

Maduro orders withdrawal of Venezuela's largest banknotes

The president says the move to take the 100-Bolivar note out of circulation is to combat smuggling, but it has been strongly criticised.

12/12/2016

Iran

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

08/12/2016

Economy

Six knock-on effects of a plummeting pound

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

13/10/2016

World News

Why money is undermining our financial system

15/04/2016

Economy

Poorer Egyptians pay the price for the country's foreign currency crisis

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.

25/02/2016

Russia

Russian ruble scrapes new low, no happier for 2016

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

30/12/2015

Russia

Russia enforces stricter currency exchange rules

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

28/12/2015

Economy

Russia holds interest rates after rouble's tumble

Russia’s Central Bank has left interest rates unchanged amid turmoil surrounding the rouble’s decline, falling oil prices and rising inflation. After

11/09/2015

Economy

China's foreign reserves suffer biggest monthly fall on record

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

07/09/2015

Business Series

Global markets hit turbulence amid mounting fears of China slowdown

In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up

25/08/2015

Turkey

Turkey faces snap election as PM Davutoglu abandons coalition effort

Turkey's political future hangs in the balance as Prime Minister Davutoglu hands back the mandate to form a government to President Erdogan.

18/08/2015