Foreign currency reserves of Saudi Arabia dipped nearly two percent in December, according to preliminary data shared by the Saudi Central Bank (SAMA).

Analysts think politically diverse Gen Z voters hold one of the keys to Erdogan's tricky path to presidential re-election.

The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is that the black-market rate of 30,000 prevails.

Turkey has been rattled by a currency collapse that accelerated by President Recep Tayyip Erdogan’s last-month steps that defy conventional policies.

Inflation in Syria is soaring just as fast as it is in neighboring Turkey, with basic food items such as bread selling at record prices and purchasing power at its lowest ever. And when the price of a bag of flatbread stops rising, locals say, the amount of bread inside...

Turkey's annual inflation has surged above 20 percent to its highest level in three years after President Recep Tayyip Erdogan installed loyalists at the central bank who share his unorthodox vision that high borrowing costs cause inflation rather than slow it down.

Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the coming weeks. The financial crisis that started in 2019 is the worst in the country's history and has left four in five Lebanese living under the poverty line.

Qatar and Turkey have announced they agreed to extend a currency swap deal between their central banks, as Ankara’s lira has plunged in value fuelling an economic crisis. According to a joint statement on Tuesday, the two sides “welcomed the signing of the agreement on the extension and amendment of...

The Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round the clock.

Turkey's annual inflation rate jumped over 20 percent in November, official data showed Friday, after a currency crisis last month when the Turkish lira hit record lows against the dollar.

S&P Global Ratings has introduced a new national credit rating scale for Saudi Arabia in response to a growing interest in the kingdom’s local currency debt markets.

Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and it is here to stay alongside digital currency.

The new record, topping a previous low of more than 24,000 earlier this week, adds to the troubles of the newly-formed Lebanese government.

The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the economic and political crisis plunging ever-growing numbers into poverty. According to websites monitoring the black market rate, the pound was trading at 24,000 to the dollar or 16 times less...

The Turkish lira plunged to record lows against the dollar on Tuesday after President Recep Tayyip Erdogan said policymakers have no appetite to hike interest rates in response to the currency's fall.

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to cement its status as the year's worst-performing emerging market currency.

ODL uses XRP for instant, low-cost cross-border payments.

Alongside a grinding seven-year military conflict, Yemen's government and the Huthi rebels are locked in battle on another front -- a currency war. Both the government and the Iran-backed Huthis used the same notes until late 2019 when the rebels banned new banknotes printed in government-run Aden, due to concerns...

Ahmady explained that the Taliban would have access to only 0.1-0.2 percent of the country’s foreign reserves of $9 billion, especially given the sanctions the global community has placed on Afghanistan.

Israel has placed restrictions on large cash transactions Digital money could demonstrate apparent autonomy from Israel The Palestinian Monetary Authority (PMA) might launch a digital currency to pave way for monetary independence from Israel. But, it raises questions over whether the measure would be practical at all. Two studies on...

Lebanese protesters try to storm central bank offices in two major cities Money changers tell AFP that the pound was trading at 17,300-17,500 to the greenback on the black market Dozens of angry Lebanese took to the streets of the northern city of Tripoli to denounce the depreciation and "difficult...

The decision needed to support the country’s depreciating currency An annual inflation rate of 16.6 percent has contributed to a sharp drop in Turks' purchasing power and price rises for basic goods Reeling from high inflation, Turkey's central bank on Thursday left its interest rate unchanged at 19 percent for...