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Foreign exchange shortages will persist in Guyana

Location:

GUYANA

These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…

Brazil's foreign exchange law may have mixed effects

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BRAZIL

There are several arguments in favour of the new law, among them the simplification of foreign exchange rules and the facilitation of international transactions. However, the law…

Argentine elections will drive monetary expansion

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ARGENTINA

The Central Bank's 2015 monetary programme.

Argentine economic outlook will worsen this year

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ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…

Japan's government will cushion exchange rate impact

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JAPAN

It has also been trading at year-long lows against the euro, pound and other major currencies. Japan's leaders used to assume that a weaker currency was good for the country…

Argentine export decline puts pressure on finances

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ARGENTINA

Despite imports falling due to the economic downturn and import and foreign exchange controls, Argentina's trade surplus in 2014 fell by one-sixth to 6.7 billion dollars. Export…

Nigeria’s partial float will not relieve forex crunch

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NIGERIA

The naira's partial float.

IMF deal will bring little relief in Argentina

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ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Mexico’s high interest rates will support strong peso

Location:

MEXICO

The peso this month has hit its strongest nominal levels since April 2016, closing at MXN17.43:USD1 on May 15 -- an increase of MXN0.13 on the previous day. The accumulated…

Turkey’s currency is likely to depreciate in 2023

Location:

TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…