On Wednesday, after Egypt’s Central Bank (ECB) raised its main interest rate and devalued the currency by 14 percent, the Egyptian pound slipped further against the dollar. In order to combat inflationary
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To bolster the value of the Lebanese pound, Lebanon’s central bank said on Friday that it will relax limits on dollar purchases. The currency had just set a record low, igniting new
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As Turkey’s president revealed a new financial mechanism to shore up the local currency, the Turkish lira made an overnight comeback on Monday against international currencies, including the US Dollar, the Euro,
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Following an address to the nation after a cabinet meeting, the US Dollar/Turkish Lira exchange rate decreased by 22.4 percent. Turkish President Recep Tayyip Erdogan evaluated the latest developments in the Turkish
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