The first batch of designations target 39 people or entities, including Syrian regime leader Bashar al Assad personally as well as his wife Asma — the first time she has been targeted by US sanctions.
President Michel Aoun says central bank will begin injecting dollars into market beginning on Monday in hopes to solidify Lebanese pound, following demonstrations against falling currency.
Investors focused on the positives despite growing US-China tensions stalling recovery for equities in May, amid signs that many European economies are coming back to life.
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
A redenomination of the currency won’t make Tehran’s economic woes go away.
The policy of relying too much on debt to fund the budget has created problems for the young government of Prime Minister Hassan Diab.
Euro zone GDP data returns better than expected, lifting the euro, as the dollar weakens after interest rate cuts by the Federal reserve.
Restaurateur Mehmet S. Tezcakin has been collecting Ottoman and Turkish currency for over 40 years. He now thinks his collection should be preserved Turkey’s Presidential Library.
The yuan has now weakened around 1.5 percent since US President Donald Trump threatened last Thursday to impose more tariffs on Chinese goods from September 1.
Governments in several countries have blamed speculators for influencing the exchange rate without any economic justification.
A newspaper report said Italy's Economy Minister Giovanni Tria was "ready to leave" before a spokeswoman for the ministry denied that the minister planned to quit.
Turkey is the world's biggest hazelnut producer. But this year, floods and currency fluctuations are eroding farmers profits.
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