As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]
Headlines: * ‘There are no Dollars’: Foreign Currency Crunch Hits Egypt’s Economy * US Willing to Fund Afghan Border Security Say Bilawal * US-China Rivalry May Shape 2023 for the World
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 […]
Ukrainian farmers have 20 million tonnes of grain they cannot get to international markets, and a new harvest is about to begin. What can be done to get the food to people who desperately need it, as prices soar around the world? Ukraine punches far above its weight as a food exporter, contributing 42% of […]
Question: The Egyptian market is witnessing a significant rise in prices, and the Central Bank devalued the pound. The state announced its intention to hold a national dialogue with all parties, and released three thousand prisoners. What is the reality and causes of this economic crisis in Egypt?
The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]
On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”
On Monday, 26/7/2021, a senior official in the government of Maeen Abdul Malik was cited by the Reuter’s report, that he had decided to raise the price of the customs dollar from 250 riyals to 500 riyals, an increase of 100% in an attempt to support the deteriorating public treasury. This does not apply to […]