Tag "Devaluation"
Rumours of reform: the likelihood and consequences of currency reform in Cuba
Indications have been growing that the Cuban government intends to move forward with sweeping reforms to the country’s currency and exchange rate systems. These reforms will certainly involve the unification of the country’s current dual currency system. Nevertheless, such a change is easier said than done and will almost certainly be painful in the short term.
Presenting the five oil exporters most affected by currency devaluation
Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc
Argentina opens its economy after currency devaluation
Following the promise of President Mauricio Macri to re-open the economy to international financial markets after taking power, Argentina exited currency restrictions, devalued its currency, and freed imports and exports.
Yuan devaluation kills two bird with one stone
The three-day devaluation, which rattled markets last week, serves two ends for the Politburo; it is a move towards a slightly more market-based rate, and it tests the last tool
Weak currencies do not boost exports, study finds
According to new data from the European Central Bank, and contrary to popular belief, weaker currencies do not boost exports, as many firms cannot react in time to take advantage
Russia’s recession could hurt European trading partners
The beginning of 2015 in Russia was marked by further depreciation of the ruble, burgeoning inflation, and withdrawal of some more MNCs from its market. Experts no longer doubt that
Kazakh currency devaluation triggers fuel shortage
The devaluation in February of Kazakhstan’s currency, the tenge, could have far-reaching effects on the availability of fuel in Kyrgyzstan and Tajikistan. On February 11, 2014, the National Bank of
Japan’s Currency Devaluation Causes Concern
Japan has been in an economic funk since the 1990s. It was at that time that many speculated it would overtake the U.S. as the global economic superpower rather than
Reasons a currency war could still be on the horizon
In February, G20 finance ministers and central bankers announced they would avoid currency devaluations and similar beggar-thy-neighbor policies. On the surface this might lead one to think that governments would
