In the year 2023, as reported on the website ftdes.net on July 31, 2023, the following statistics were recorded: – The number of casualties of irregular migration on Tunisian coasts reached 903 victims and missing individuals.
The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]
Today (26th September 2022), the value of Malaysian Ringgit (RM) slumped to the lowest level ever recorded since the 1997 financial crisis where the exchange rate of 1 USD is now equivalent to RM4.60. The depreciation RM occurred as many investors turned to safer currencies due to the uncertain global economic outlook. Economists blamed the […]
The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]
The devaluation of the Turkish lira. Comment: Turkey’s national currency, the Turkish lira, has drastically plummeted in the last quarter of this year, from 8.86 Turkish liras for one dollar in October to 16.42 Turkish liras for one US dollar. So, the Turkish lira lost almost double its value against the US dollar and that […]