Latest News for: Currency default

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Fitch Ratings Agency Upgrades Zambia from 'CC' grade to 'CCC'

Ghana Web 15 Apr 2021
Fitch Ratings has upgraded Zambia’s Long-term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC’ from ‘CC’ and has affirmed Zambia’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’ ... However, the ‘CCC’ rating still reflects a real possibility of a local-currency default, ...
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Zambia gov't says upgraded Fitch rating sign of economic recovery

China.dot.org 15 Apr 2021
Fitch Rating has upgraded the country's Long-term Local Currency Issuer Default Rating from "CC" to "CCC" ... It adds that this also means an eventual restructuring of external debt could improve the overall public finance position and support local-currency debt sustainability ... Enditem .
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Bahrain’s outlook stable says Fitch

Gulf Daily News 13 Apr 2021
Fitch Ratings has affirmed Bahrain’s long-term foreign-currency Issuer Default ...
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Lebanon Needs New Government, Radical Change of Direction, IMF Says

Voa News 13 Apr 2021
Lebanon cannot pull itself out of its economic crisis without a new government to transform the country and launch long-stalled reforms, a senior official at the International Monetary Fund said. The country defaulted on its debt last year, sending its currency crashing. Its economy shrank by 25% in 2020, the IMF said in a report last week ... .
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Lebanon needs new government, radical change of direction - IMF

Yahoo Daily News 13 Apr 2021
Read full article. 11 April 2021, 1.01 pm·2-min read. FILE PHOTO. A view shows the site of the August 4 explosion at Beirut port ... The country defaulted on its debt last year, sending its currency crashing. Its economy shrank by 25% in 2020, the IMF said in a report last week ... "The change of direction cannot be done on a piecemeal basis ... 1 ... 2 ... 3 ... 4.
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As oil rebounds and economy is poised to recover Iraq eyes foreign investment

The National 13 Apr 2021
... transactions that the government hopes will shore up its finances after it was forced to devalue its currency last year ... Last month, Fitch Ratings affirmed the country's long term foreign currency issuer default rating at B-, while adjusting Iraq's outlook to stable from negative.
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Lebanon Needs New Gov’t to Launch Reforms: IMF

Kayhan 12 Apr 2021
BEIRUT (Reuters) – Lebanon cannot pull itself out of its economic crisis without a new government to transform the country and launch long-stalled reforms, a senior official at the International Monetary Fund says. The country defaulted on its debt last year, sending its currency crashing ... "The change of direction cannot be done on a piecemeal basis.
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Lebanon Needs Urgent Help, Analysts Say

Voa News 12 Apr 2021
The International Monetary Fund says Lebanon won’t pull itself out of its economic crisis until a new government is formed to start long-stalled reforms ... By defaulting on its $1.2 billion Eurobond debt last year, Lebanon’s currency crashed and its economy shrank by 25 percent ... “The rest of the world has pretty much taken the position ... .
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The Conclusion Of The Long-Term Debt Cycle And The Rise Of Bitcoin

Bitcoin Magazine 12 Apr 2021
Interest rates hitting zero marks the beginning of the end for a currency regime, as it signifies that debt loads across the economic system have reached unsustainable levels. The logical path from that point, if we follow policy makers’ incentive structure with a historical perspective, is to sacrifice the value of the currency.
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Lebanon needs new government, radical change of direction, says IMF

Gulf News 11 Apr 2021
Dubai. Lebanon cannot pull itself out of its economic crisis without a new government to transform the country and launch long-stalled reforms, a senior official at the International Monetary Fund said. The country defaulted on its debt last year, sending its currency crashing. Its economy shrank by 25% in 2020, the IMF said in a report last week ... .
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Lebanon needs new government, radical change of direction, says IMFThe country defaulted on its debt ...

Deccan Herald 11 Apr 2021
Lebanon cannot pull itself out of its economic crisis without a new government to transform the country and launch long-stalled reforms, a senior official at the International Monetary Fund said. The country defaulted on its debt last year, sending its currency crashing. Its economy shrank by 25 per cent in 2020, the IMF said in a report last week.
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PHP Domain Shopping Cart with jQuery AJAX and Responsive Web Hosting Template - $9.99 (one ...

Web Hosting Talk 10 Apr 2021
It supports over 700 domain extensions, 27+ online payment gateways, multi-currency with auto exchanger ... � 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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Executive Summary: Why Every Fixed Income Investor Needs To Own Bitcoin As Portfolio Insurance

Bitcoin Magazine 09 Apr 2021
However, the ability to print money generally reaches a tipping point when the populace realizes that the ultimate debasing of the currency renders it worth less (and potentially worthless) over time ... Part 3 focuses on the GFC and introduces my belief that Bitcoin can be viewed as default insurance on a basket of fiat currencies.
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A sterling plan to save the Union

The Spectator 08 Apr 2021
I believe the most important weapon of all is sterling, the sovereign currency of the UK ... Of course, every country can have its own currency, but the magic of sterling is that it is one of the world’s top five reserves currencies (dollar, pound, euro, Swiss franc and yen) precisely because the UK has never once defaulted.
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