News tagged: nigeria-forex — Bazar361
All Bazar361 news tagged nigeria-forex.
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Price Hikes Alone Cannot Solve Iran’s Gasoline Overconsumption
An energy economist says Iran cannot tame fuel demand through price hikes alone, recommending free public transit, fleet renewal, and curbing inflation expectations.
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Iran Issues Foreign Currency Facility Rules for Essential Goods Imports
Iran announced foreign currency credit facilities with up to six-month repayment terms for essential goods imports. Banks may now issue letters of credit and currency transfers to sustain food security.
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A Man for the Crisis: History's Mirror for Iran's Economic Policymakers
With Iran's economy beset by inflation, deficits, and energy shortfalls, Tejarat-e-Farda draws a lesson from 1941: crises call specialists to power, but authority must accompany expertise.
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Fed Chair Warsh Keeps Rate-Hike Option Open at Jackson Hole
Fed Chair Warsh warned at Jackson Hole that rates may rise again if inflation fails to reach 2%. Near-term cuts remain data-dependent.
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The Line Between Mere Survival and True Industrial Resilience
A new analysis draws a sharp distinction between industrial survival and genuine resilience. As geopolitical shocks multiply, economists warn that simply avoiding collapse is not a measure of resilience.
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Iran's Rial Crashes Past 2 Million Per Dollar as Sanctions Tighten
Iran's rial crashed past 2 million per dollar on open markets as US financial pressure mounts. Citizens face collapsing purchasing power amid food price surges and skyrocketing medical costs.
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Lebanese Media: US Sanctions on Iran Face Growing Limits
A Lebanese outlet argues that Iran's eastern alliances and alternative financial channels are blunting the impact of US maximum-pressure sanctions.
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China's Yuan Strengthens Toward 6.60 as BofA and MUFG Align on Appreciation
USD/CNY fell to 6.72 as the Yuan logged its strongest level in over three years. BofA and MUFG both target 6.60, driven by exporter conversion flows and an undervalued currency.
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Iran's Rial Hits Record Low as U.S. Prepares New Sanctions Wave
Iran's rial plunged to a record 2.02 million per dollar on the open market as the U.S. announced sweeping new sanctions targeting digital assets, gold, aviation, and shipping. Treasury Secretary Bessent called the move an economic D-Day for Tehran.
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Iran Car Market Slips 1.5% in August With Price Gains Forecast Ahead
Iran's car market fell an average 1.5% in August despite political and currency pressures. Price increases are forecast as new U.S. economic actions and a weakening rial take hold.
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Tehran Stock Exchange Scales New Heights
Tehran main index breached the 6.1 million-point mark before sellers stepped in, trimming intraday gains.
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Two Years In, Trump's Economic Promises Give Way to Rising Debt and Costs
Trump's pledges to cut prices and fix US finances remain unfulfilled two years on, with national debt, energy costs, and Iran war-driven inflation pulling in the opposite direction.
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Iran's Ex-Central Bank Chief: Sanctions Raise Trade Costs But Won't Halt Commerce
Iran's former central bank chief says tighter sanctions will raise trade costs but won't halt commerce, citing decades of experience navigating restrictions.
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The New Yorker's Six-Month War Review: Iran Holds Firm, US Grows Weary
The New Yorker rates Washington's six-month Iran campaign as strategically thin. With Hormuz closed and US costs mounting, Tehran appears positioned to outlast America.
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Trump and Vance Split Over Iran War Goals, a $50 Gap Divides the White House
Trump and Vance diverge on Iran war goals, exposing a $50 divide in White House policy. When political aims become unclear, military force loses its strategic compass.
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Canadian Dollar Rallies as Oil Climbs and USD Weakens
The Canadian Dollar extended gains Thursday as WTI crude topped $85.58 and fading Fed rate-hike bets weighed on the US Dollar, driving USD/CAD to 1.3776.
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New Zealand Dollar Climbs Above 0.5950 on China Rate Hold
NZD/USD climbed to 0.5955 after China held lending rates steady for a 15th straight month. ING forecasts the pair reaching 0.60 within six months.
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Currency Swings Are Reshaping Who Wins in Global Coffee Markets
Currency volatility is reshaping coffee supply chains, with producers in Colombia, Brazil, and Ethiopia absorbing losses in local terms that dollar-denominated buyers never see. Exchange rate moves — more than spot prices — are driving sourcing decisions across origins.
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Kraken Parent Payward Joins Anthropic's Project Glasswing for AI Security Push
Payward, Kraken's parent company, joined Anthropic's Project Glasswing and gained access to Claude Mythos 5 to proactively hunt software vulnerabilities. Open-source findings will be shared with developers.
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Iran's Newest Silver ETF Opens for Subscription on Commodity Exchange
Iran's commodity exchange opens subscriptions for a new silver ETF. Silver faces its sixth consecutive supply deficit with prices potentially exceeding $80 per ounce.
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Pound Slips to Two-Week Low Against Canadian Dollar
GBP/CAD slid to a two-week low as Brent oil topped $90, lifting CAD. UK GDP was solid but durability concerns capped Sterling. Inflation data from both countries dominate the week ahead.
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Metaplanet Launches BitBonds Program with $1.3 Million Private Placement
Metaplanet raised $1.3 million through its inaugural BitBonds program — four unsecured bond series yielding up to 4.3% annually — while denying any sale of its 43,000 BTC holdings.
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Naira Holds Steady Against Dollar as Traders Eye CBN Liquidity
The Nigerian naira held near ₦1,367/$ in the official market on August 13, while the parallel rate stayed around ₦1,410-1,425, leaving a ₦58 spread. The CBN's liquidity efforts have brought relative calm after last year's volatility.
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Pound Strikes Two-Week High Against New Zealand Dollar
GBP/NZD climbed to a two-week high near NZ$2.3044 as risk-off sentiment hit the Kiwi amid stalled US-Iran ceasefire talks. UK Q2 GDP data is the next key catalyst.
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Oil and Gold Rally as Geopolitical Tensions Escalate
Oil and gold prices rose simultaneously amid escalating geopolitical tensions in the Middle East and East Asia. Both crude benchmarks hit multi-week closing highs.
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Pound Consolidates Above $1.35 as Markets Eye US Inflation Data
GBP/USD held near $1.3502 as Middle East tensions lifted the dollar and oil toward $90/barrel. Wednesday's US CPI print is the next key catalyst.
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Wall St Edges Higher After In-Line CPI; Oil Nears $90 on Hormuz Tensions
U.S. stocks rose Wednesday as July CPI matched all forecasts, pushing September rate-hold odds to 62%. Brent crude hovered near $90 as Hormuz negotiations stalled.
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Iran Housing Construction Costs Still Rising as Inflation Bites
Tehran housing construction costs remain elevated under inflationary pressure, with Iran's Statistics Center reporting a slowdown in input price growth during spring 2026.
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UAE Tax Authority Issues Crypto Accounting Rules for Businesses
The UAE's Federal Tax Authority has issued accounting guidance requiring businesses to use three approved crypto exchanges for valuing digital currency transactions, with time-specific exchange rates.
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Dollar Falls for Fourth Straight Day on Hormuz Deal Optimism
The dollar dropped to 183,500 tomans for a fourth straight session amid Hormuz maritime deal optimism and ebbing speculative demand.