Egypt’s urban inflation accelerated at its fastest pace in five years as several rounds of currency devaluation filtered through to consumers. Prices increased an annual 21.3% in December from 18.7% ...
Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%. President Alberto Fernandez’s administration had been ...
(Bloomberg) -- Egypt is mired in a grueling economic crisis that’s left its 105 million-plus people gripped by uncertainty, but one thing seems all but assured: another currency devaluation is likely ...
The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a ...
JOHANNESBURG (Reuters) - Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African ...
The Japanese Yen has reached its lowest level since the 1980s, experiencing a significant devaluation trend. The Yen's devaluation to gold is more significant than its devaluation to the dollar, ...
Airtel Africa Plc, a telecommunications firm with a presence in 14 African countries, has posted a $549million occasioned by significant currency devaluations in Nigeria, Malawi, Zambia, and Kenya, ...
Stablecoin transactions now comprise nearly half of the total transaction volume in Sub-Saharan Africa, largely due to currency devaluation. Stablecoins account for approximately 43% of the ...