Devaluation
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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…
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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…
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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…
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‘Super Rate Hike’ Still Seen in Egypt as Devaluation Looms
EghtesadOnline: Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase.
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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…