Turkish lira hits new low after Erdogan’s latest rate cut
The Turkish lira plunged as much as 5.6% to a record low against the dollar on Thursday after the central bank slashed its policy rate in line with an unorthodox economic programme set out...
Tagged: Currency
Myanmar’s economic crisis fuels underground currency trading
As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are turning to online groups to bypass official channels to trade currencies....
Zimbabwe’s new biggest banknote is worth just $0.60
Zimbabwe’s central bank on Tuesday announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around $0.60 in US currency. Insufficient to pay even for a loaf of bread, the...
The Currencies of South Asia are Depreciating: What are the likely impacts?
The Indian Rupee is going through its toughest times since independence. The impacts are also brunt by the Nepalese currency which remains pegged to the Indian Currency since 1994. Even Pakistan’s currency is depreciating...
