Sterling has become the best performing currency for the year to date out of the G10 group of major currencies, figures show. The pound gained 4.7 percent against a weaker dollar and ahead of an expected interest rate hike from the Bank
Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country’s central bank said Friday. The move is aimed at shoring
The pound has rallied against the dollar (Image: Getty) The pound has rallied against the dollar to become the best performing currency of the G10 group of economies. Sterling rose to 1.25 against the dollar this week after hitting the same point
Protesters closed down major roads in parts of Lebanon on Tuesday after the Lebanese pound briefly hit a new low amid a historic economic crisis that seemingly has no end in sight. The Lebanese pound lost more than 15% of its value
Lebanon’s embattled currency hit a new low Tuesday, trading at an unprecedented 100,000 Lebanese pounds to the dollar on the black market as the crisis-hit country’s banks went back on strike. The pound has kept sinking since Lebanon’s financial meltdown erupted in
Nigerian President Muhammadu Buhari said Thursday that the country’s redesigned currency would bolster the upcoming presidential election, appealing for an end to violent protests over a resulting cash shortage that has led to daylong lines at banks, business closures and people unable
Egypt’s annual inflation surged to a new high in January as the country continues to battle ongoing price hikes and a depreciating currency, the Egyptian statistics bureau said on Thursday. The state-run Central Agency for Mobilization and Statistics published figures showing that
Russian President Vladimir Putin is eating through his foreign currency reserves, but is concealing the billions of pounds being spent on the war in Ukraine, Yale University experts tell Express.co.uk. Jeffrey Sonnenfeld and Steven Tian have been closely following the Russian economy
Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country’s statistics bureau said Tuesday. The state-run Central Agency for Mobilization and Statistics released figures showing that the annual inflation was
The European Central Bank’s decision to raise interest rates in the Eurozone is likely to lead to a collapse of the Euro and to a severe economic crisis in Italy, analysts have warned. Some described the ECB’s policy decision as “kamikaze” and