tag Devaluation

Trump says China, others devalue currencies as U.S. economy improves

EghtesadOnline: U.S. President-elect Donald Trump on Friday said that China and other countries often devalue their currencies as the U.S. economy improves, vowing to combat currency manipulation and the dumping of foreign products into U.S. markets below cost.
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Publish Date:10/December/2016 | 13:46

Rial Devaluation Lifts Iran's Trade Balance

EghtesadOnline: Much as the Iranian national currency's steep devaluation in recent months gave rise to challenges, it has also provided a boost to the country's trade balance on the back of surging exports and dwindling imports.
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Publish Date:24/October/2018 | 14:21

Mnuchin Labels Trump's China, Russia FX Tweets a `Warning Shot'

EghtesadOnline: President Donald Trump’s accusations that China and Russia are gaming their currencies were a “warning shot” about the consequences about devaluation, rather than part of a wish to achieve a weaker dollar, U.S. Treasury Secretary Steven Mnuchin said.
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Publish Date:17/April/2018 | 14:30

Africa’s Next Big Devaluation Is Seen Unfolding in Egypt

EghtesadOnline: According to Egypt’s president, the country’s future is at stake. With its currency trading near a record low in the black market, reserves to cover just three months of imports and a widening current-account deficit, pressure is mounting on the most populous Arab state to devalue the pound to alleviate a dollar shortage that prompted officials to seek help from the International Monetary Fund.
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Publish Date:24/August/2016 | 09:19