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9 Nov 16
The Indian government withdrew 500 and 1000 rupee notes from circulation overnight in a surprise move aimed at curbing a booming economy in untaxed, black market cash.
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7 Nov 16
The Turkish lira’s value plummeted to record lows on Friday amid a renewed crackdown on the country’s main pro-Kurdish party.
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3 Nov 16
Egypt has liberalised its exchange rate and devalued its currency by almost 50% in a bid to secure a $12bn International Monetary Fund loan to rescue the country from economy from crisis.
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23 Sep 16
The inclusion of the yuan in the International Monetary Fund’s special currency basket is an “important milestone” in China’s financial integration, fund officials said yesterday.
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22 Aug 16
An African monetary union is currently unfeasible due to the commodity price crash and external shocks to economies across the continent, a group of central bankers has said.
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1 Aug 16
The president of the US Federal Reserve Bank of New York has called for caution before going ahead with another increase in interest rates in light of risks to the nation’s economy.
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1 Jul 16
Brexit has put South Africa at higher risk of recession and is likely to trigger a downgrade in the country’s credit rating, intelligence group EXX Africa has concluded.
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26 May 16
The Chinese finance ministry is to issue the first ever sovereign renminbi bond outside of China on the London stock market.
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5 May 16
Zimbabwe has announced it will start to print its own version of the US dollar after banks were forced to cut withdrawal limits amid cash shortages.