Global inflation has rocketed in 2022. Lebanon ranks second in a World Bank assessment of countries hit hardest by global food price inflation. That has been driven partly by the war in Ukraine. But even before this, Lebanon’s economy and currency were in freefall. Al Jazeera’s @ZeinaKhodr reports from Beirut, Lebanon. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #Lebanon #inflation #economy
Ghana is cracking down on foreign exchange dealers as its currency slides against major world currencies. The Ghanaian cedi has lost nearly 60 percent of its value since the start of the year, and experts are warning of difficult times ahead. Al Jazeera’s Ahmed Idris reports from the capital, Accra. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #Ghana #Value #Accra #currency
Protesters in Ghana are calling for President Nana Akufo-Addo to step down as the country faces a worsening economic crisis. Rising fuel prices and soaring inflation have angered people already struggling to get by. Al Jazeera’s @Ahmed Idris reports from Accra, Ghana. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #Ghana #economiccrisis #protests
Shoppers in Turkey cannot look forward to lower prices anytime soon. The central bank is forecasting a 23 percent inflation rate this year. Some analysts think that is too optimistic after inflation last year soared to a 20-year high and the lira lost almost half its value. Al Jazeera’s Sinem Koseoglu reports from Istanbul, Turkey. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Turkey
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El Salvador is the first country to declare bitcoin legal tender. But the experiment raises big questions about what will happen next — for bitcoin and the country itself. Join CNBC’s Arjun Kharpal for the video edition of the Beyond The Valley podcast. 00:00 – Intro 03:27 – Bitcoin as an alternate legal tender 04:51 – How do multiple currency systems work? 05:53 – Volatility of bitcoin 08:00 – Digital divide in El Salvador 10:01 – Main motivations behind El Salvador’s decision 12:49 – Impact of El Salvador’s decision 14:47 – Countries considering bitcoin as legal tender 16:38 – Summary #CNBC #Podcast #TechPodcast #VideoPodcast —– Subscribe to us on YouTube: […]
It is hard to escape the worsening economic crisis gripping Lebanon. Jobs are scarce and food and fuel are growing ever more expensive as the currency’s value tumbles. There is a financial lifeline, though, from Lebanon’s expats. Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Lebanon #EconomicCrisis
The collapse of the Lebanese economy is rapidly accelerating. Rival politicians have so far failed to agree on the shape and make-up of a new government that would be needed to ensure international aid. And as Al Jazeera’s Zeina Khodr reports from Beirut, those same politicians are accused of decades of corruption that has nearly bankrupted the state. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #Lebanon
0 The Cuban government formally ended its dual currency system on Friday, devaluing its peso for the first time since the 1959 revolution that swept the late Fidel Castro to power. The government has set the exchange rate at 24 Cuban pesos to $1, and the convertible Cuban peso, known as the CUC, will be phased out completely by June, leaving the island with one currency for the first time in more than 20 years. Al Jazeera’s Lucia Newman reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Cuba #currency
0 Iraq’s government recently devalued the local currency – the Iraqi dinar – by more than 20 percent. It is the biggest currency devaluation against the dollar since the 2003 fall of Saddam Hussein. Prices of everyday goods and services have suddenly skyrocketed, fuelling fear and anger among many Iraqis who have spent decades struggling to survive financially. Al Jazeera’s Charles Stratford has this report from Baghdad. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Iraq
