Iran’s currency falls to a record low
Digest more
Iran unveiled a new banner over the weekend in Tehran’s Enghelab Square threatening the USS Abraham Lincoln, showing an aircraft carrier strewn with bodies and streaked with blood.
NY Fed signals potential dollar intervention to support Japanese yen. Strategy could trigger intentional USD devaluation and market shifts.
Tehran, Iran is facing one of its most severe economic crises in decades, marked by a historic collapse of its national currency, persistently high inflation, and widespread social unrest. While viral claims on social media suggest that Iran’s currency has fallen to “zero” against the US dollar, the reality is more complex — and more alarming.
The sharp moves higher in the Taiwanese dollar and other Asian currencies against the U.S. dollar in the past couple of days are giving global investors flashbacks of the late 1990s Asian currency crisis, adding to concerns that investors are rethinking ...
MARACAIBO, Venezuela (AP) — Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up from a hospital. He has had no luck finding a ride ...
Indonesia’s currency has come under renewed pressure after President Prabowo Subianto’s decision to nominate his nephew to the central bank reignited concerns over monetary independence, spooking inve
The 1997 Asian financial crisis sent shockwaves across South Korea, leaving lasting scars in its aftermath. The won-dollar exchange and interest rates soared, strings of companies and financial institutions declared bankruptcy, and society witnessed an ...
As protests over Iran's economic crisis near their second week, top Iranian officials and US President Donald Trump have exchanged threats as demonstrations turned deadly and continue to escalate. A day after Trump said in a January 2 post on Truth Social ...
The Central Bank of Iran bought more than $500 million in dollar-backed digital assets in the past year to mitigate a currency crisis and bypass US sanctions, blockchain analytics company Elliptic said in a report.
"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for a Responsible Federal Budget.
The parliamentary committee tasked with investigating the causes of the country's currency crisis held its fifth meeting on Saturday via video conference with Attorney General Al-Siddiq Al-Sour, according to a statement by the spokesperson for the House of Representatives,