Page 11 - Currency Devaluation News Today

At Oriental Paper Products, a stationery factory outside Beirut, machinery sits idle and shifts have been reduced. The firm was already struggling amid Lebanon's financial crisis; a full-blown diplomatic row with Saudi Arabia has made matters worse.

U.N. Secretary-General Antonio Guterres on Monday called for the immediate release of Sudan's prime minister and all other officials after the Sudan military seized power in the nation.

U.N. Secretary-General Antonio Guterres on Monday called for the immediate release of Sudan's prime minister and all other officials after the Sudan military seized power in the nation.

Zimbabwe's currency is in danger of collapsing as companies resort to the U.S. dollar for transactions, the country's main business group said in a letter to its members, amid a crackdown on black market currency trading.

Pakistan's rupee hit a record low on Monday of 173.20 in intra-day trading against the U.S. dollar before closing at 172.78, below the previous close of 171.18, after reports of a failure of talks with the International Monetary Fund, traders said.

Zimbabwe's currency is in danger of collapsing as companies resort to the U.S. dollar for transactions, the country's main business group said in a letter to its members, amid a crackdown on black market currency trading.

Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of U.S. dollars into neighbouring Afghanistan.

Cross-linked news, and information resources about Russia

China's regulators are tightening control over the inner workings of its currency market, pressuring banks to trade less and in smaller ranges, two banking sources told Reuters, as part of a sweeping push to curb speculation.

中国の規制当局が外為市場に対する監督を強化し、銀行に対し取引を減らし狭いレンジで売買を行うよう求めていることが業界筋の話で明らかになった。