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CURRENCY REFORM IN SYRIA
Syria to revalue currency, dropping two zeros in bid for stability, sources saySyria plans to introduce new banknotes in December, removing two zeros to combat devaluation and restore confidence in the pound after a 99...- Brics collaborate to build global order with a commitment to multipolarity: EAM JaishankarExternal affairs minister S Jaishankar emphasized the significance of Brics, highlighting its role in making global discussions more inclus...
- Severe cash shortages in Syria: How new government policies are making Ramadan celebrations impossibleRamadan brings added hardship for Syrians as strict withdrawal limits and subsidy cuts shrink their purchasing power. With daily cash withd...
- Iran: a powerful Shiite Muslim nation with regional reachHere is some background on a nation whose influence stretches from Iraq to Syria, Lebanon and Yemen, but which is grappling with a severe e...
- 'Republic of Queues': 10 years on, Syria is a hungry nationOn the streets in the capital of Damascus, beggars accost motorists and passers-by, pleading for food or money. Medicines, baby milk and di...
- Foreign fighters involved in Syrian conflict have moved to other places as mercenaries: India"As we begin our new Council term eight years later, it is indeed disheartening to note that the ongoing crisis in Syria still has no end i...
- Market is underestimating upside risks to inflation: Su Sian Lim, BNP Paribas"The rupee is going to weaken faster than the dollar. We expect INR at 66 by this year-end."
- Raghuram Rajan is proactive but one man can't do much: Herald van der Linde, HSBC"India will go through a natural adjustment process. The RBI can help, but one man can't do a lot," says Herald van der Linde.
- September 10, 2013: Mecklai Financial report on rupeeThe pair fell for fourth consecutive session to currently hover at 64.19. The pair did surge in early part of the session marking intraday ...
- September 05, 2013: Mecklai Financial report on rupeeThe RBI Governor allowed exporters to cancel and rebook 50% of their total forward contracts while for importers the same was kept at 255 o...
- Uncertainty on Syria, QE tapering to weigh on rupee: Phani Shankar, ING Vysya BankThe headwinds on the rupee are partly positive. This is due to the measures that have been taken recently on funding the CAD, Phani Shankar.
- September 03, 2013: Mecklai Financial report on rupeeThe currency pair again broke all the resistances and has moved up to the level of 66.90. The nearest support for the pair is at 66.50 whil...
- War trade boils over: Rupee caught in the cross-fireAs the infamous ‘war trade’ is on, crude has spiked on the fear factor and ‘safe-haven’ gold is back in fashion. These two are the worst en...
- Full Text: PM Manmohan Singh’s statement on the current economic situation in the countryPM ruled out reversal of reforms or resorting to capital controls to rescue the sliding rupee, which he said fell on account of domestic as...
- Economic crisis: PM targets opposition, blames world"I do recognize there is a problem, it can be solved only if opposition recognizes its role, conduct in Parliament," the PM said
- India could be attractive with a very weak currency: DK Joshi, Chief Economist, CRISIL'Unless there is a huge amount of risk-aversion globally, money should come back because the Indian market would become attractive'
- P Chidambaram's 10-point plan is the minimumFM said absolutely the right thing: the right response to the roiling the rupee and the markets are experiencing is to initiate bold reform...
- Don’t be surprised to see rupee fall to 70 per dollar, say expertsThe next trigger for the rupee will now come from the FOMC policy minutes on July 10 and that would set the direction for most assets.
- BRICS summit: No mortar to hold BRICS togetherTop emerging economies, coming under the banner of BRICS, criticized the West for financial mismanagement.
- BRICS united, West will not always have final sayThe five countries took the first step towards doing mutual trade in local currencies by signing an agreement to extend credits in local cu...
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