Turkish central bank taps into foreign reserves to stabilize currency

Turkiye continues sales of foreign currency reserves to stabilize the lira and combat inflation in the wake of the devastating 6 February earthquake

Lebanon teeters on the edge as currency loses nearly 100 percent of its value

Last year, a senior US official warned that the Lebanese will 'likely have to endure more pain' before the country is allowed to climb out of crisis

Indian refiners purchase Russian crude in Emirati currency: Report

India has disregarded pressure imposed by western nations, and continues to engage in trade and energy cooperation with Russia

Iranian currency hits record low as EU threatens further sanctions

The New York federal bank has been enforcing stricter controls on international transactions by Iraqi commercial banks to hinder Iran from accessing dollars

Iranian currency slides to historic low as EU threatens ‘very tough sanctions package’

The new round of sanctions against the Islamic Republic will be implemented just days after the execution of two protesters

Egyptian central bank announces plan to move currency away from US dollar

The central bank chief says the Egyptian pound must be pegged 'against every currency,' not just the greenback

Qatar asks local banks to stop currency exchange deals abroad: Report

Last year, KSA, the UAE, Bahrain, and Egypt ended a dispute with Doha over allegations that it supports Islamic militants in the region

Iran places first import order using cryptocurrency

A top Iranian official and president of the Iran Trade Promotion Organization reported the first import order using cryptocurrency to bypass US sanctions

Russia requests oil payments from India in UAE currency: Report

The UAE and India are among the many nations refusing western diktats to cut ties with Russia in the wake of the war in Ukraine

Turkey to press forward with interest rate cuts as currency tumbles

President Erdogan has blamed high inflation partially on citizens keeping their savings in foreign currency

Lebanese currency hits all-time low as healthcare workers, bakers strike

Since 2019, Lebanon has been experiencing the world's worst economic crisis in 150 years, according to the World Bank

Fuel prices in Lebanon reach new heights as currency continues to depreciate

Lebanon has also been hit hard by a growing food crisis exacerbated by the conflict in Ukraine

Israel adds China’s yuan to its reserve currency

China has long pushed for the yuan to supplant the dollar as sovereign nation's go-to reserve currency

‘Rublegas:’ the world’s new resource-based reserve currency

Rublegas is the commodity currency du jour and it isn’t nearly as complicated as NATO pretends. If Europe wants gas, all it needs to do is send its Euros to a Russian account inside Russia.

Turkey stabilizes currency with unofficial interventions: Report

The interventions were not officially announced, but experts believe up to $1Bln in foreign reserves were sold in recent days to stabilize the lira

UAE to provide $5bln lifeline for Turkey with currency swap deal

The cash injection comes as Ankara faces a major currency crisis that has seen the lira lose nearly half its value against the US dollar

Turkey’s state banks urging depositors to convert foreign currency to lira: Report

Despite the government's push to halt the dollarization of Turkey's economy, financial institutions warn that the currency could end year's trading at more than 20 US dollars per lira

Turkish currency tumbles once more despite aggressive state intervention

The Turkish lira has been on a tailspin since November after President Erdogan implemented sharp interest rate cuts in the hopes of fighting inflation

Turkish lira bounces back after government pledges to protect local currency deposits

The lira rose to trade at 11 per US dollar after dropping to historic lows last week

Lebanese Central Bank announces measures to prevent further currency devaluation

The Central Bank set a new lira withdrawal rate, in addition to further measures, promoted as a means to alleviate Lebanon's economic crisis

Turkish currency hits new record low as Central Bank reserves shrink

Despite a crisis that has seen the Turkish lira lose almost 50 percent of its value this year, President Erdogan stands firm in his strategy to keep interest rates down

Turkish currency crisis spills over into Syria’s HTS-controlled northern region

Citizens in the city of Idlib say wages are no longer enough to cover their needs ahead of the winter months

Turkey and the UAE ‘exploring’ $5 billion currency swap: Report

The deal is set to bolster Ankara's foreign reserves amid a worsening currency crisis

Lebanese currency plunges in value to historic low

Since 2019 the Lebanese Lira has lost over 90% of its value amidst an ever-worsening economic and political crisis

In Moscow, Xi and Putin bury Pax Americana

In Moscow this week, the Chinese and Russian leaders revealed their joint commitment to redesign the global order, an undertaking that has 'not been seen in 100 years.'

Lebanon’s cenbank chief grilled by EU prosecutors, denies embezzling public funds

Riad Salameh, who the UN says is guilty of human rights violations for his role in creating Lebanon's economic crisis, claims to be the victim of political persecution

No respite for Lebanon as lira hits 100,000 per US dollar

Lebanon's political class has done little to slow down the economic freefall, as parliament has been gridlocked for five months over the election of a president

Sergey Glazyev: ‘The road to financial multipolarity will be long and rocky’

In an exclusive interview with The Cradle, Russia's top macroeconomics strategist criticizes Moscow's slow pace of financial reform and warns there will be no new global currency without Beijing.

Lebanese banks liable for financial collapse claim ‘no liquidity’ to pay back depositors

Several Lebanese commercial banks have been charged with money laundering

Lebanon regains UN voting rights

Lebanon had to pay a sum of $1.8 million to regain voting rights in the UN, however there is no confirmation whether the payment was fully made