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Results based on: Exchange rates

As President Erdogan continues to change his mind about policy, there seems to be no way of stopping the Turkish lira's rollercoaster ride.

Why Sudan's big devaluation might not mean even higher inflation, plus other currency news from around the world in our latest monthly review.

22 February 2021

Sudan's central bank has devalued the official exchange rate by 85%.

During what was a surprisingly calm month for currencies, Cuba, Iran and Venezuela all bowed to the inevitable and took big steps towards major reforms.

The South African rand's surprising strength is a good sign for emerging-market currencies, but it may not last.

Another day, another devaluation! Iraq has joined the club, devaluing the dinar by 24%.

Having re-unified itself following a six-year split, Libya's central bank wastes no time in re-unifying exchange rates.

Cuba sets the date for its planned reform to unify its multiple exchange rate regime and devalue the peso.

Tajikistan's devaluation of the somoni does little good, while Turkey's turn to economic orthodoxy boosts the lira. This and other exchange rate news from around the world...

Foreign conflicts, sanctions, the pandemic and alarmingly unorthodox economics are all taking a toll on the Turkish lira.