currency

Iran moves to strike 4 zeroes from its battered currency
Middle East

Iran moves to strike 4 zeroes from its battered currency

TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value…
Facebook’s Libra currency under fire
Technology

Facebook’s Libra currency under fire

Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among…
Facebook plans its own currency for 2 billion-plus users
Technology

Facebook plans its own currency for 2 billion-plus users

SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it…
US dollar price in Egypt continues decline
Business

US dollar price in Egypt continues decline

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In the National Bank of Egypt, it recorded…
US dollar rate in Egypt declines
Economy

US dollar rate in Egypt declines

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In Banque Misr and the National Bank of…
UAE says changing oil trading currency from dollar can’t be done overnight
Middle East

UAE says changing oil trading currency from dollar can’t be done overnight

DUBAI (Reuters) – The United Arab Emirates’ energy minister said on Monday that the use of the U.S. dollar as…
Lira wobbles as U.S. ties with Turkey fray
Middle East

Lira wobbles as U.S. ties with Turkey fray

ISTANBUL (Reuters) – Turkish President Tayyip Erdogan’s fiery anti-U.S. rhetoric helped spark a currency collapse in 2018 that plunged his…
US dollar makes record decrease against Egyptian pound
Business

US dollar makes record decrease against Egyptian pound

The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…
Ghost workers sap Tunisia’s phosphate wealth
Middle East

Ghost workers sap Tunisia’s phosphate wealth

METLAOUI, Tunisia – Tunisia’s state phosphate firm CPG pays Abdel-Basset Klifhi a salary of $280 a month, even though he…
Central Bank of Egypt bans circulation of banknotes with phrases
Economy

Central Bank of Egypt bans circulation of banknotes with phrases

The Central Bank of Egypt (CBE) announced on Monday it would ban the circulation of any banknotes bearing textual phrases,…
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