[ad_1] President Javier Milei has promised painful economic “shock therapy” in Argentina, where the inflation is almost 150%. ADVERTISEMENT Argentina’s new president, Javier Milei, took office on Sunday and in…
Tag: currency crisis
Argentina’s central bank hikes key interest rate to 133%
[ad_1] Argentina’s inflation was 138% in September compared to the previous year. ADVERTISEMENT Argentina’s central bank has raised the country’s benchmark interest rate to 133% from 118% as inflation data…
Rouble strengthens after Putin reimposes currency controls
[ad_1] Moscow has imposed capital controls to prop up its currency, a similar move to the one that saved the rouble from collapsing in 2022 right after its full-scale invasion…
Protests in Turkey’s cities after lira plunges to new historic low
[ad_1] People in the streets of Istanbul have expressed concern over the Turkish lira plunging to record lows against the dollar on Wednesday, a day after Turkey’s president said policymakers…