CAIRO: Egypt devalued its pound by 14% on Monday after Russia’s invasion of Ukraine prompted

government says it will weaken the value of its currency by more than 50% against the US dollar.It is part

IN December 2023, consumer prices were 29.7 per cent higher compared to December a year earlier.... To understand, let’s think of a simple economy with three sellers each selling a food packet and three buyers each given Rs100 by the government.... It stands to reason that packets would sell for Rs100 each....

PESHAWAR: Peshawar’s currency market has seen the Afghan currency tumble against Pakistani rupee

, but then bought at 113 afghanis to the dollar as the currency began to slide and he worried it might

It is the Chinese yuan that is becoming the most popular “friendly” currency among both Russian

Science and Technology Workers and the Workplace Read Online Digital currency Transacting and value

CAIRO, Oct 19( Reuters)-Egypt's economy will grow slower than earlier predicted as inflation eats into purchasing power and the Egyptian pound weakens, a Reuters poll showed on Thursday.A small part of the polling was done before the outbreak of violence in neighbouring Gaza and Israel, the ramifications of which may cut into Egypt's already dimming growth prospects." A significant downside risk to growth in the near term may come from any impact on the tourism sector from the Gaza war and fears

A cheaper renminbi would make Chinese exports less expensive for overseas buyers, mitigating the harm to China’s competitiveness from Mr.... Beijing did just that in 2018 and 2019, when Mr.... Trump imposed tariffs in his first term.A cheaper renminbi could partly or entirely offset the effects of the extra 10 percent tariff on Chinese goods that Mr....

It has since recovered some. The move reflects the changes that new President Bola Tinubu has pledged to make to strengthen the ailing economy, analysts said.... The exchange rate now will be determined by market forces and no longer the central bank, a move that analysts on Thursday said would boost inflows of money and help stabilize an economy battered by surging inflation and a record unemployment rate.... Tinubu also halted subsidies for gasoline, forcing people to pay far more for fuel t