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Ethiopia's demonetisation mixes politics and economics

Location:

ETHIOPIA

The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…

South Africa’s media terrain faces diverging fortunes

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SOUTH AFRICA

Manyi, a Zuma ally, bought the Gupta-owned The New Age newspaper and TV news channel ANN7 in August in a wholly vendor-financed deal. In recent years, The New Age and ANN7 have…

Iran’s ebullient stock market is heading for a crash

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IRAN

This was despite a sharp economic contraction, high inflation and currency devaluation. The government has played a significant role in promoting equities growth, with state or…

Parallel imports continue to support Russia’s economy

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RUSSIA

Parallel imports have played a crucial role in securing the supply of goods for the Russian economy. The creation and management of parallel import channels is now an important…

Fed's 2022 rate rises to bite fully this year

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INTERNATIONAL

The major central banks use one key tool to implement policy and influence the economy as directly as possible -- an overnight interest rate on banks’ reserves at the central…

Damascus will likely fail to stem currency collapse

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SYRIA

The Syrian pound’s weakening beyond 1,000 to the dollar on the parallel market has exposed the chronic weakness of the economy, even as President Bashar al-Assad’s forces move…

Balkan banks will raise Greek contagion fears

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EUROPE

The loan let Greece make a scheduled payment to the ECB and settle arrears to the IMF. It is part of the agreement in principle with Greece's international lenders for a third…

Rising intra-firm corporate debt poses stability risks

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INTERNATIONAL

Global debt risks.

Algeria's central bank will press ahead with reforms

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ALGERIA

The initiative follows the passage of a new monetary and banking law in June that enhanced the central bank’s independence, which included authorisation for it to introduce…

COVID-19 impacts will cut Latin American remittances

Location:

LATIN AMERICA

The contraction, after several years of robust growth, will stem from a deep recession and measures to contain the spread of COVID-19.