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
MoreTo 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
MoreAs 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,
MoreFollowing 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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