Latest News for: Currency default

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USD to GHS: Ghana cedi outlook ahead of BoG decision

Invezz 27 May 2024
Cedi has plunged by almost 200% in the past five years, making it one of the worst-performing currencies globally ... The currency crash has accelerated after Ghana became the first country to default on its debt obligations during the Covid-19 pandemic.
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Fitch affirms Oman ‘BB+’ rating, stable outlook

Times of Oman 26 May 2024
Muscat. Fitch Ratings has affirmed Oman’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook.“Oman’s ratings ....
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Fitch affirms Oman’s ratings at ‘BB+’ with stable outlook

Muskat Daily 25 May 2024
MuscatFitch Ratings has affirmed Oman’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook ... Budget surpluses continue ... Oman is a member of OPEC+ alliance ... Falling debt ... Growth to bounce back.
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The true cost of borrowing: Analysing APR Data from leading banks

B & FT Online 23 May 2024
By Korsi DZOKOTO ... Key Elements of APR Interest Rate ... APR ... These elevated rates can indicate that these banks are facing heightened risks in their lending environment, possibly due to economic instability, high default rates, or currency fluctuations.
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Allianz Commercial: Shipping losses hit all-time low despite increasing risks for the whole sector

Vietnam News 23 May 2024
(i) the general economic and competitive situation in Allianz's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit ...
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Web Hosting Signup Script | Domain Registration Script

Web Hosting Talk 21 May 2024
○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately) ... It can be convert default currency to payment gateway's currency automatically.
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Gold Does Not Reflect Monetary Destruction, Yet

The Epoch Times 20 May 2024
Inflation occurs when the amount of currency increases significantly above private sector demand ... Inflation is the equivalent of an implicit default.
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Ethiopia’s foreign debt servicing exceeds healthcare spending

Capital Ethiopia 20 May 2024
IMF discussion progressing. A quarter of government revenue goes toward paying off foreign debt, yet debt servicing exceeds healthcare spending by a factor of two ... In December 2023, Ethiopia defaulted on its USD 1 billion foreign currency bond ... ....
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Dubai Commodities Clearing Corporation has what it takes for a de-dollarized world

Gulf News 17 May 2024
As the world’s reserve currency for almost 80 years, DCCC’s historic default for settling contracts in US dollars has always made sense ... Saudi Arabia is reportedly exploring the acceptance of payments in other currencies.”.
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Domain Register and Web Hosting Signup Script + Bootstrap Web Hosting Template = $15 only

Web Hosting Talk 14 May 2024
○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately) ... It can be convert default currency to payment gateway's currency automatically.
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Israel’s war economy is working—for the time being

Live Mint 12 May 2024
... in more than a decade, prompting Israel’s central bank to sell $30 billion of foreign-exchange reserves to prop up the currency.The price of insuring the country’s debt against default has rocketed.
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Did SBP and IMF get inflation wrong?

The News International 09 May 2024
Pakistan’s failure to secure a timely bailout from the IMF, partly due to its insistence on maintaining an artificial exchange rate, exacerbated the currency crisis, bringing the country to a near default.
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Egypt's foreign reserves surge to $41.1B, reaching a four-year high

Egypt Today 08 May 2024
The rating agency has also upgraded Egypt's long-term foreign-currency Issuer Default Rating (IDR) outlook from Stable to Positive, while maintaining the IDR at 'B-'.
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British MoD Allegedly Hacked by China on May 7

Armstrong Economics 08 May 2024
They need World War III as an excuse to default, create a form of Bretton Woods II, and implement their own digital currency that may be centralized to the collective of the West and not one individual nation.
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National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt

Egypt Independent 07 May 2024
Fitch Ratings, a leading global credit rating agency, revised Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) outlook from Stable to Positive, while affirming the IDR at ‘B-‘ ... ....

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In this photo provided by the International Organization for Migration, an injured person is carried on a stretcher to seek medical assistance after a landslide in Yambali village, Papua New Guinea, Friday, May 24, 2024. More than 100 people are believed to have been killed in the landslide that buried a village and an emergency response is underway, officials in the South Pacific island nation said. The landslide struck Enga province, about 600 kilometers (370 miles) northwest of the capital, Port Moresby, at roughly 3 a.m., Australian Broadcasting Corp. reported. (Benjamin Sipa/International Organization for Migration via AP)
Benjamin Sipa/International Organization for Migration via AP
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Aerial view of the European Parliament in Brussels
© European Union 2024 - Source : EP / © European Union 2024 - Source : EP
Benjamin Netanyahu attends the weekly cabinet meeting in the prime minister's office
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