A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
Tag: Currency
Myanmar Shop Owners Are Being Jailed for Increasing Wages
Myanmar’s junta, facing a growing popular rebellion, has plunged the country into economic crisis, reversing gains from a decade of civilian leadership.
Nigeria Confronts its Worst Economic Crisis in a Generation
People in Africa’s most populous nation are suffering as the price of food, fuel and medicine has skyrocketed out of reach for many.
On Himalayan Hillsides Grows Japan’s Cold, Hard Cash
A shrub in impoverished Nepal now supplies the raw material for the bank notes used in Asia’s most sophisticated financial system.
Gold Speculation Rife in Egypt Amid Economic Crisis
Clamor for the precious metal is growing as the buying power of the country’s currency plunges in value against the dollar, and inflation eats away at savings.
Grateful for E.U. Aid, Ukraine Now Waits for the United States
The E.U. package of about $54 billion will be spent on nonmilitary expenses, like pensions, payments to displaced people and paying teachers and doctors.
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.
Argentina’s Economy Depends on the U.S. Dollar. Can Javier Milei Change That?
Years of economic quagmire created an upside-down economy in Argentina. Javier Milei, a far-right populist, won the presidency this week by promising to blow it all up.