Search results

Turkish go-it-alone policy raises currency crunch risk

Location:

TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Sturgeon will ensure Scottish independence vote

Location:

UNITED KINGDOM

The move follows the annual conference of her ruling Scottish National Party (SNP) in Glasgow this month -- its last before Scotland and the rest of the United Kingdom leave the…

Scotland will have a second vote on independence

Location:

UNITED KINGDOM

The move comes in response to London’s apparent determination to pursue a ‘hard' Brexit, taking the United Kingdom out of the European single market. While UK Prime Minister…

Dollar could plausibly lose its global dominance

Location:

INTERNATIONAL

Questions over the future of the international monetary system.

Lebanon’s energy hopes depend on Mideast integration

Location:

MIDDLE EAST

Import-dependent Lebanon has faced acute energy shortages in recent months, reflecting poor infrastructure, unsustainable policies and a lack of hard currency. Leaders are…

Prospects for Sub-Saharan African economies in 2023

Location:

PROSPECTS 2023

Prospects for Sub-Saharan African economies in 2023

Malaysian capital transfer limits are possible

Location:

MALAYSIA

But the ringgit has fallen by more than one-third from its peak in May 2013. Moves by Bank Negara, the central bank, to support the currency and most recently to clamp down on…

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…

Argentina currency crisis highlights policy vacuum

Location:

ARGENTINA

In recent days a severe currency run drove a 12.2% depreciation of the peso and an estimated fall of nearly 5 billion dollars in international reserves (8% of that stock). The…

Politics will drive growth in trade de-dollarisation

Location:

INTERNATIONAL

A move away from the US dollar is gaining momentum, driven by the West’s use of economic sanctions, high levels of sovereign debt and a desire to de-link monetary policy from the…