CurrencyStabilization

Zimbabwe's Bold Move: $215 Million Collected from Exporters to Boost ZWL Currency

10 days ago

In a significant financial initiative, the Reserve Bank of Zimbabwe has collected a staggering $215 million from exporters, aiming to fortify the national currency, the Zimbabwean dollar (ZWL). This bold move is part of a broader strategy to stabilize the country’s economy, which has been grappling with hyperinflation and a reliance on foreign currencies.

Ray Dalio Proposes US-China Yuan Deal as Key to Trade Resolution

14 days ago

In a recent analysis, billionaire investor Ray Dalio emphasized the significance of a potential agreement between the United States and China regarding the yuan. He believes that such a deal could play a crucial role in de-escalating ongoing trade tensions between the two largest economies in the world.

Turkish Inflation Slows More Than Anticipated in December 2024: What It Means for the Economy

4 months ago

In a surprising turn of events, Turkey's inflation rate experienced a noteworthy deceleration in December 2024, easing more than what economists had projected. This marks a pivotal moment for the country's economic landscape, which has been characterized by relentless price hikes this past year.