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Further devaluation of Nigeria’s naira is likely

Location:

NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

Beijing will move cautiously on exchange rate

Location:

CHINA

China's exchange rate policy.

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Job markets are less globalised than assumed

Location:

INTERNATIONAL

Labour market globalisation.

Debt mismatch calls for renminbi convertibility

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CHINA

China's foreign currency debt.

Pakistan’s currency devaluation may not spur exports

Location:

PAKISTAN

Pakistan's central bank last month allowed the currency to weaken by more than 4% in a week, and is hoping that devaluation will stimulate exports. The ruling Pakistan Muslim…

Politics may compound Sudan’s economic crisis

Location:

SUDAN

This follows a major devaluation of the Sudanese pound in early October, which the government hopes can stabilise runaway inflation and lure foreign currency back into circulation…

Renminbi reform will not allay suspicions

Location:

CHINA

Beijing's abrupt reform of its exchange rate regime on August 11 led to an immediate sharp devaluation, but is also broadly consistent with giving market forces a greater role in…

Few resources remain to stave off crisis in Argentina

Location:

ARGENTINA

The sharp fall came days after President Alberto Fernandez announced that he would not seek re-election, prompting rumours of an imminent devaluation that the government blames on…

Lebanon’s central bank vacuum heralds more devaluation

Location:

LEBANON

A cabinet meeting yesterday to discuss a replacement failed to achieve quorum, as key political forces boycotted it. The first deputy governor, who succeeds by default, has…