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Sudan seeks to devalue currencySudan, 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 More… |
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Iran devalues rial 8pc, to enforce single rateIran'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 More… |
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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 More… |
