The currency is now back to about where it was before the attacks on Oct. 7, after falling to an eight-year low.
Tag: Currency
Javier Milei, a ‘Mini-Trump,’ Could Be Argentina’s Next President
The global far-right movement faces an important test in Argentina’s election on Sunday.
Argentina’s Currency Plummets Under Attack from Far-Right Candidate
Javier Milei has become the favorite in Argentina’s election this month by pledging to dollarize the economy. In response, the Argentine peso is crashing.
Russian Ruble Briefly Weakens to 100 Against U.S. Dollar
The currency has been significantly weaker since the start of the year, in a sign of the financial volatility prompted by the war in Ukraine.
Turkey’s Central Bank Raises Rates to Near Two-Decade High
The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Roaring Back From Pandemic, Japan’s Economy Grows at 6% Rate
The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.