Iraq to settle bilateral trade with China in yuan to defend the dinar
Iraq’s central bank announced on Wednesday that it would settle purchases of Chinese imports directly in yuan in order to improve its...
Currencies
Iranian rial falls to record low against dollar
Iran’s currency sank to a new low of 500,000 to the dollar on Monday on news that the US and...
Brazil and Argentina revive common currency plan
Brazil and Argentina have agreed to discuss creating a common currency, reviving a goal held for decades by left-wing leaders and...
Frontier Markets Weekly, December 18th 2022
By Ken Stibler, Noah Berman and Dan Keeler Welcome to the latest edition of Frontier Markets News. As always, I...
Bolsonaro’s surprise performance calms market concern of Lula’s return
Brazil’s right-wing incumbent President Jair Bolsonaro won 43% of the vote in last weekend’s general elections, surprising pollsters who had projected a...
Armenian currency appreciates with inflow of Russians leading to mass layoffs
Armenia’s workers are facing wage cuts and widespread layoffs amid rapid currency appreciation, Radio Free Europe’s Tony Wesolowsky reports. After weakening as Russia...
BRIC Summit 2022: China touts its governance model and Russia pitches creation an EM currency
At the 14th BRICS Summit, Beijing took the opportunity to promote its governance and development models while railing against unilateral...
Iranian protest over economic meltdown, building collapse
Economic turmoil from sanctions and government mismanagement have boiled over into street protests following a collapse of a 10-story building...
Croatia approved to join Eurozone amid demographic collapse and a spotty recovery
European Union regulators certified Croatia's eligibility to adopt the euro next year, reports the WSJ’s Tom Fairless. The European Commission said...
