The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman
The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.
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.
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 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
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
A huge number of middle class Hungarians are sinking in debt repayments, after taking out private loans in Swiss francs.
While the government is