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Report: Syrian Central Bank Devalues Local Currency by Nearly 50%

Post author:MiamiCrypto
Post published:January 3, 2023
Post category:Bashar al-Assad Central Bank Central Bank of Syria currency manipulation Economics Foreign Exchange Markets pound devaluation Syrian pound

The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank…

Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar

Post author:MiamiCrypto
Post published:October 6, 2022
Post category:Economics egyptian pound Ethiopian Birr Exchange rate IMF International Monetary Fund Mohamed Maait naira depreciation pound depreciation pound devaluation

The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports…