Middle-east Arab News Opinion | Asharq Al-awsat

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Confidence comes with a catch. Photographer: Horacio Villalobos/Corbis via Getty Images

Why Europe’s Central Bank Shouldn’t Worry About the Euro

by Ferdinando Giugliano | Sep 11, 2017 | Opinion

The European Central Bank has spent much of this decade convincing markets that the euro is irreversible. It is therefore mildly ironic that policy makers in Frankfurt may be in trouble because of the sudden return of confidence in the single currency. Investors...

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People buy rose petals on the first day of Ramadan, the holiest month in the Islamic calendar, at the Karaj Al-Hajez crossing, a passageway separating Aleppo’s Bustan al-Qasr, which is under the rebels’ control and Al-Masharqa neighborhood, an area controlled by the regime, July 10, 2013. (REUTERS/Muzaffar Salman)

Syria government tries to bolster falling currency

by Asharq Al-Awsat | Jul 11, 2013 | Business

Damascus, AP—The Syrian government is buying up local currency and raising penalties for black-market deals to try to stop the fall of the pound, which has tumbled to record lows against the US dollar, the state-run news agency SANA said Thursday. Syria’s move...

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A picture taken on September 30, 2012, shows an Iranian woman paying with an IRR 20,000 bill bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini. (AFP PHOTO/ATTA KENARE)

Iranian currency reform hits healthcare system

by Asharq Al-Awsat | Jul 9, 2013 | Business

London, Asharq Al-Awsat—Attempts by the Iranian government to reverse the collapsing value of the Iranian rial have led to serious impacts on the national healthcare system, leaving many Iranians struggling to pay for medicines in the wake of reforms to Iran’s subsidy...

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A Syrian refugee takes Syrian currency from the customers at his shop at Al Zaatri refugee camp in the Jordanian city of Mafraq, near the border with Syria February 21, 2013. (REUTERS)

Central Bank Governor on Syrian Pound’s Record Low

by Asharq Al-Awsat | Mar 25, 2013 | Business

London, Asharq Al-Awsat—The governor of the Syrian central bank, Adib Mayaleh, yesterday held his country’s citizens responsible for the declining exchange rate of the Syrian pound—which recently reached a record low of 123 pounds to the US dollar—because they are...