Category: Currency

Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.
Japan Takes Another Step Away From Easy Money

The Bank of Japan said it would be more flexible in how it manages government bond yields, citing rising inflation.
How West Africa Can Reap More Profit From the Global Chocolate Market

Resource-rich countries like Ghana are often cut out of lucrative parts of the business like manufacturing. The “fairchain movement” wants to change that.
How to Get the Best Foreign Exchange Rate

How to avoid foreign transaction and bank fees, and where to get the best rate when you travel abroad.
Turkey’s Central Bank Raises Rates to Near Two-Decade High

The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
Lebanon Freezes Accounts of Riad Salameh

The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent

The rapid expansion came as exports have risen and tourists have flooded the country.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes

The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.

The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
A Strong Peso Gives Mexicans Working Abroad Less Bang for Their Buck

The peso’s soaring value means the money that Mexicans in the United States send home doesn’t go as far as it used to.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.

Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.