central banks

Total:2

  • lebanon 2021/06/06

    By Yanis Iqbal

    Lebanon's financial meltdown

    The Lebanese pound has depreciated about 90% in the past 18 months, driving annual food inflation to 400%, erasing salaries and savings, and pushing more than half the nation into poverty. All this comes at a time when the country is battling the devastation wrought by COVID-19, as well as the ravages from the 2020 Beirut blast.

  • Central Banks are ditching the dollar for gold 2019-05-04 12:46

    Central Banks are ditching the dollar for gold

    First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.