Friday 1 July 2022

Iraq devalues dinar as oil prices hurt

Iraq's central bank has increased the sale price of US dollars to banks and currency exchange companies by 16 dinars, or 1.37 percent, as the government seeks to compensate a decline in oil revenue, a government official and the central bank


Sudan seeks to devalue currency

Sudan, hit by an economic crisis since losing crucial oil revenues, will effectively devalue the pound by allowing foreign exchange bureaux to trade dollars at a level away from the official rate. Sudan's economy has been battered sinc


Iran devalues rial 8pc, to enforce single rate

Iran's central bank announced an 8 per cent devaluation of the rial on Thursday and said it would enforce a single exchange rate as of Saturday, aiming to stamp out the black market where dollars have soared in recent weeks due to fears over n


Singapore 'may devalue currency'

Singapore's economy shrank the most on record in the last quarter of 2008 and the government  forecast a 5 percent contraction this year and a possible fall in consumer prices, which may prompt a one-off currency devaluation. A govern

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