Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.
23 Nov 2021
The Turkish lira hit new lows against the US dollar and euro. Analysts place the blame on the low interest rates and the cheap money policies preferred by President Recep Tayyip Erdogan.
13 Aug 2020
The Turkish currency has hit record lows against the euro and US dollar, despite efforts by its central bank to stop the rot. The fall comes as the effects of the global pandemic and poor economic policy converge.
13 Feb 2017
Nigeria's local currency, the naira, is now trading at an all- time low of 503 to the US dollar, as the forex scarcity bites harder.