Currency pegging

In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
September 04, 2019 - 9:50 am
BEIRUT (AP) — An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to...
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French Finance Minister Bruno Le Maire, left, shakes hands with US Treasury Secretary Steve Mnuchin next to German Finance Minister Olaf Scholz, background left, during a meeting at the G-7 Finance in Chantilly, north of Paris, on Thursday, July 18, 2019. (AP Photo/Michel Euler)
July 18, 2019 - 6:37 am
CHANTILLY, France (AP) — Top finance officials from the Group of Seven rich democracies are warning that cryptocurrencies like Facebook's Libra should not come into use before "serious regulatory and systemic concerns" are addressed. The chairman's concluding summary from the G-7 meeting in...
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Nurses holds a sign with a fake Venezuelan's bills, representing how low their salaries have been devalued by inflation, during a protests against the government of President Nicolas Maduro, in Caracas, Venezuela, Thursday, Aug. 16, 2018. The government is lopping off five zeroes from the "Strong Bolivar," which will remain legal tender, in a bid to tame inflation the IMF estimates will reach 1,000,000 percent this year. But economists see it as a Band-Aid solution more likely to freeze up the payment system than address Venezuela's economic problems. (AP Photo/Ariana Cubillos)
August 17, 2018 - 10:49 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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