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Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate ConditionAfter authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 […]

$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report

IMF Bailout Could Be in UK’s Future, Says Strategist

IMF Bailout Could Be in UK’s Future, Says StrategistMizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since before that.” Strategist Discusses Possibility […]

$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report

Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board

Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency BoardAs political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black Market in Fuel Driving Inflation The inflation rate in crisis-torn Lebanon […]

$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report

Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low

Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time LowAfter relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese […]

$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report