currency depreciation

Iran

Economy minister fired as Iran's rial plummets

Iran’s parliament on Sunday impeached the finance minister and voted to remove him from office after the rial plummeted to nearly one million to the US dollar.

02/03/2025

Business

A fistful of yen - a gain for tourists to Japan as shop prices fall

As Japan's government steps in to bolster its currency, the weakness of the yen against the euro and the dollar has led to a surprise boost for tourism.

08/05/2024

Business

How the rug got pulled from under Iran's traditional carpet weavers

The export of traditional Persian rugs from Iran, a market which once exceeded $2 billion, has plummeted to less than $50 million in the last year.

04/05/2024

Markets

Iran refuses to recognise national currency’s fall in free markets

The Iranian rial has plunged rapidly against the dollar ever since the Israel-Hamas war led to increased worries of a direct US-Iran confrontation.

27/02/2024

Economy

Iran's currency tumbles as tensions escalate in the Middle East

The rial lost 17% in the past four months in the free market against the US dollar, as Iran tackles inflation soaring above 40%.

29/01/2024

Economy

Russian central bank raises interest rate to 15%

High inflation and the weak rouble triggered a higher than expected raise.

27/10/2023

Economy

Argentina's central bank hikes key interest rate to 133%

Argentina's inflation was 138% in September compared to the previous year.

13/10/2023

Economy

Poland slashes interest rates, causing zloty to slide against dollar

Poland's central bank governor said on Thursday that its large interest rate cut was justified despite high inflation because prices are stabilising.

07/09/2023