In his choices of top officials, and with a leap in interest rates, Mr. Erdogan aims to tame inflation and defuse a looming economic crisis.
Tag: Currency
In Argentina, Inflation Passes 100% (and the Restaurants Are Packed)
Argentina’s financial crisis has a surprising side effect: a flourishing dining scene in Buenos Aires, as residents rush to spend pesos before they lose more value.
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a new finance minister promising “rational” economic policy takes charge
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
Turkey’s Next President Will Win an Economy in Peril
A surge in government spending before the election this month and pressure on the country’s currency could hit the economy in coming months, experts say.
Rules to Curb Illicit Dollar Flows Create Unintended Hardships for Some Iraqis
The regulations were meant to prevent dollar transfers to corrupt actors. But they have ended up harming ordinary Iraqis who need U.S. currency for legitimate purposes.
Ahead of Nigeria’s Election, a Cash Shortage Causes Chaos and Suffering
Nigeria’s government changed the currency design before the presidential election, causing shortages and wreaking social havoc.
Inflation Is So High in Egypt That Eggs Are a Luxury
After months of punishing inflation and a plummeting currency, Egyptians are growing louder about the crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government.
King Charles III Is the New Face of U.K. Money
Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
Roman Coins Thought for Centuries to Be Fakes Get a Fresh Appraisal
New research suggests that the gold coins, which were found in 1713 and long dismissed as forgeries, may be authentic.