A redenomination of the currency won’t make Tehran’s economic woes go away.
People are buying up gold as an investment, and trying to stave off inflation as the pandemic wreaks havoc on economies.
Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of greenback funding threatening to cripple firms from airlines to retailers.
Yemen’s warring sides opened a new front in their five-year conflict on Saturday - a battle over old and new banknotes that threatens to create two economies in the same state.
The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
After going into recession last year, Turkey's economy has been showing signs of recovery as inflation fell to single digits in October, largely due to a so-called base effect.
Stocks are slipping in early trading on Wall Street as traders hold back ahead of an interest rate announcement from the Federal Reserve.
President Mauricio Macri has struggled to contain runaway inflation and could pay the price in October’s presidential election.
The inflation rate will fluctuate between 11.5 percent and 16.3 percent through the end of this year, Central Bank Governor Murat Uysal said during Inflation Report 2019.
Finance and Treasury Minister Berat Albayrak says over $10 billion in foreign investments entered Turkey since May, and the Turkish economy will grow "positively this year."
One year after the former cricketer took office as prime minister, Pakistanis struggle with rising inflation, slow growth and sluggish reform.
In its quarterly economic forecasts, the European Union's executive arm says prices will grow less than previously predicted, pushing the inflation rate further off the European Central Bank's target of close to but less than two percent.
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