Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei.
Tag: Currency
Venezuela Targets Economists as Inflation Surges Under Trump’s Sanctions
As inflation surges under President Trump’s renewed sanctions, Venezuelan authorities are trying to keep a lid on the country’s worsening financial situation.
Aiming at the Dollar, China Makes a Pitch for Its Currency
The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
As Ramadan Nears, Syrians Feel the Pinch of a Cash Shortage
The Assad dictatorship is out, but Syria’s economy is in chaos after a civil war and recent policy shifts. The situation is putting a damper on a typically festive season.
A Strong Dollar Means Bargains for Americans Traveling Abroad
The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers.
U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.
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.