The Latest Breaking News from US Dollar

Step right up, hedge your currency bets

If you're planning to travel abroad, it's important to consider the foreign exchange rate to manage your personal finances, especially as the baht is increasingly volatile against the US dollar.

Bangkok Post · Mar 7, 2023

Lebanese Supermarkets Mark Prices in Dollars as Local Currency Tanks

Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports. Since late 2019, Lebanon has been facing a dramatic economic crisis that has seen poverty rates climb to reach…

Asharq Al-Awsat · Mar 1, 2023

Baht tipped to strengthen after US rates peak

The baht is likely to recover and strengthen to 33-34 to the US dollar by the end of 2023, as the greenback could go into reverse and start to depreciate in six months, says SCB Chief Investment Office (CIO).

Bangkok Post · Feb 28, 2023

Lebanon Devalues Official Exchange Rate by 90%

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the…

Asharq Al-Awsat · Feb 1, 2023

Lebanon to Devalue Currency by 90% On Feb. 1, C.Bank Chief Says

Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is…

Asharq Al-Awsat · Jan 31, 2023

US Dollar Continues Insane Hike at the Expense of Iraqi Dinar

The exchange rate of the US dollar in Iraq continues to skyrocket as the country’s monetary authorities and government fail to curb the devaluation of the Iraqi dinar.

Asharq Al-Awsat · Jan 30, 2023

Yemeni Government Asserts Need to Accelerate Reforms to Protect Economy, Currency

The Yemeni government on Thursday stressed the need to accelerate the adopted reforms to protect the economy and the local currency. The cabinet asserted its commitment to rationalizing spending and ensuring that the population is not affected by the measures taken to increase revenues. Prime Minister Maeen Abdulmalik chaired a…

Asharq Al-Awsat · Jan 26, 2023

Iraqi PM replaces Central Bank governor over currency drop

Mohammed Shia al-Sudani’s move comes after a fall in value of the Iraqi dinar against the US dollar.

Al Jazeera · Jan 23, 2023

Iranian Currency Falls to Record Low

Iran's troubled currency fell to a record low against the US dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of its members. Ties between the EU and Tehran have deteriorated in recent months as efforts to revive nuclear talks…

Asharq Al-Awsat · Jan 22, 2023

Lebanon Central Bank Sets New Rate for Withdrawals from Dollar Deposits

Lebanon's central bank said on Thursday it had set a new rate of 15,000 Lebanese pounds to the US dollar for withdrawals from bank deposits denominated in dollars, but which can now can be accessed largely in the local currency. The rate was previously set at 8,000 pounds under central…

Asharq Al-Awsat · Jan 20, 2023