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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Juan Grabois at the national strike of workers against the government of Javier Milei in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Hector Daer speaks at the national workers' strike against the government of Javier Milei in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Tens Of Thousands March Against Milei's Cuts - Buenos Aires

Labor unions and workers strike and mobilize against the omnibus law and Javier Milei's decree of necessity and urgency in the National Congress in Buenos Aires, Argentina on January 24, 2024. Large crowds gathered in the heart of Buenos Aires and other cities for demonstrations called by the CGT union. Mr Milei was sworn in 45 days ago promising deregulation, deep spending cuts and the devaluation of the peso. The main rally in the capital was outside parliament, where politicians discussed Mr Milei's plan to deregulate the economy, slash labour rights and cut large areas of government to revitalise a country suffering 200 % inflation and 40 % poverty levels. Photo by Barbara Leiva/Faro/ABACAPRESS.COM

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Türkiye's annual inflation nears 65 pct in December

STORY: Türkiye's annual inflation nears 65 pct in December SHOOTING TIME: Jan. 10, 2024 DATELINE: Jan. 11, 2024 LENGTH: 0:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, cash points and shopping in Ankara, Türkiye 2. various of people buying cheaper breads in Mugla, Türkiye (courtesy of ihlas news agency) 3. various of people shopping in a fresh vegetable bazaar in Aydin, Türkiye (courtesy of ihlas news agency) 4. SOUNDBITE 1 (Turkish): FIKRET OZLEK, Former restaurant manager 5. SOUNDBITE 2 (Turkish): NUR KILER, Retired teacher STORYLINE: Türkiye's annual inflation for 2023 came at about 64.8 percent in December, an increase from 62 percent a month ago on the back of higher food and energy prices, putting further pressure on households. In December, the Turkish Central Bank increased its policy rate by 250 basis points to 42.5 percent to curb the lira's devaluation and tame the persistently high inflation. In general, the figures are showing signs of leveling off

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- An exhibitor shows a piece of gold ornament during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- Gold ornaments are exhibited during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- A man takes photos of gold ornaments during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- Gold ornaments are exhibited during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- Ornaments are exhibited during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- An exhibitor shows gold ornaments during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-GOLD-JEWELRY-EXPO

(231128) -- CAIRO, Nov. 28, 2023 (Xinhua) -- A woman looks at gold ornaments during the Nebu Expo for Gold & Jewelry in Cairo, Egypt, on Nov. 28, 2023. Egypt concluded on Tuesday the third edition of Nebu Expo for Gold & Jewelry amid soaring prices of gold and growing demand, while the country is facing a U.S. dollar shortage, currency devaluation and high inflation. (Xinhua/Ahmed Gomaa)

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Turkish lira falls to new low against greenback

STORY: Turkish lira falls to new low against greenback DATELINE: Aug. 8, 2023 LENGTH: 00:01:31 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office in Istanbul 3. various of Türkiye's central bank 4. SOUNDBITE (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: The Turkish currency hit a fresh low against the U.S. dollar on Monday, trading over 27 liras per dollar. After seeing 27.32 in the early morning against the greenback, the lira stood at around 27 in the afternoon, losing about 30 percent of its value since the beginning of this year. The currency tested over 30 thresholds against the euro in the morning and later dropped to 29.68. Türkiye's central bank raised the policy rate from 8.5 percent to 15 percent in June and further to 17.5 percent in July. However, markets expect more aggressive interest rate hikes to better cope with the devaluation of the currency and the rising inflation rate. The country's

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YEMEN-ADEN-CURRENCY-DEVALUATION

(230710) -- ADEN, July 10, 2023 (Xinhua) -- A vendor sells bananas at a local market in Aden, southern Yemen, on July 10, 2023. The Yemeni riyal plummeted on Sunday to a new low against the U.S. dollar, raising concerns about an impending economic crisis. Money traders in the southern port city of Aden and other government-controlled areas confirmed to Xinhua that the Yemeni riyal declined sharply to 1,430 against the greenback, marking the lowest exchange rate since the beginning of this year. (Photo by Murad Abdo/Xinhua)

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YEMEN-ADEN-CURRENCY-DEVALUATION

(230710) -- ADEN, July 10, 2023 (Xinhua) -- A vendor sells vegetables at a local market in Aden, southern Yemen, July 10, 2023. The Yemeni riyal plummeted on Sunday to a new low against the U.S. dollar, raising concerns about an impending economic crisis. Money traders in the southern port city of Aden and other government-controlled areas confirmed to Xinhua that the Yemeni riyal declined sharply to 1,430 against the greenback, marking the lowest exchange rate since the beginning of this year. (Photo by Murad Abdo/Xinhua)

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EGYPT-CAIRO-EID AL-ADHA-LIVESTOCK MARKET

(230625) -- CAIRO, June 25, 2023 (Xinhua) -- Egyptian customers and vendors are seen at a livestock market on the outskirts of Cairo, Egypt, June 24, 2023. As Egyptians prepare to celebrate Eid al-Adha, the skyrocketing livestock prices, caused by high inflation and devaluation of the local currency, have cast a shadow over the festivities. TO GO WITH "Feature: Egyptians to scale down animal sacrifices in Eid al-Adha amid gloomy economy" (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-EID AL-ADHA-LIVESTOCK MARKET

(230625) -- CAIRO, June 25, 2023 (Xinhua) -- Egyptian customers and vendors are seen at a livestock market on the outskirts of Cairo, Egypt, June 24, 2023. As Egyptians prepare to celebrate Eid al-Adha, the skyrocketing livestock prices, caused by high inflation and devaluation of the local currency, have cast a shadow over the festivities. TO GO WITH "Feature: Egyptians to scale down animal sacrifices in Eid al-Adha amid gloomy economy" (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-EID AL-ADHA-LIVESTOCK MARKET

(230625) -- CAIRO, June 25, 2023 (Xinhua) -- A truck loaded with livestock is seen at a livestock market on the outskirts of Cairo, Egypt, June 24, 2023. As Egyptians prepare to celebrate Eid al-Adha, the skyrocketing livestock prices, caused by high inflation and devaluation of the local currency, have cast a shadow over the festivities. TO GO WITH "Feature: Egyptians to scale down animal sacrifices in Eid al-Adha amid gloomy economy" (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-EID AL-ADHA-LIVESTOCK MARKET

(230625) -- CAIRO, June 25, 2023 (Xinhua) -- Egyptian customers and vendors are seen at a livestock market on the outskirts of Cairo, Egypt, June 24, 2023. As Egyptians prepare to celebrate Eid al-Adha, the skyrocketing livestock prices, caused by high inflation and devaluation of the local currency, have cast a shadow over the festivities. TO GO WITH "Feature: Egyptians to scale down animal sacrifices in Eid al-Adha amid gloomy economy" (Xinhua/Ahmed Gomaa)

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EGYPT-CAIRO-EID AL-ADHA-LIVESTOCK MARKET

(230625) -- CAIRO, June 25, 2023 (Xinhua) -- Egyptian customers and vendors are seen at a livestock market on the outskirts of Cairo, Egypt, June 24, 2023. As Egyptians prepare to celebrate Eid al-Adha, the skyrocketing livestock prices, caused by high inflation and devaluation of the local currency, have cast a shadow over the festivities. TO GO WITH "Feature: Egyptians to scale down animal sacrifices in Eid al-Adha amid gloomy economy" (Xinhua/Ahmed Gomaa)

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Lebanese in mountain areas suffer from severe cold amid absence of proper heating means

STORY: Lebanese in mountain areas suffer from severe cold amid absence of proper heating means DATELINE: Feb. 12, 2023 LENGTH: 00:04:03 LOCATION: Beirut CATEGORY: SOCIETY SHOTLIST: 1. various of snow in Barouk, Mount Lebanon 2. SOUNDBITE 1 (Arabic): ALAA RAYDAN, Resident in Barouk village 3. SOUNDBITE 2 (Arabic): GHAZI AFIF, Resident in Barouk village 4. SOUNDBITE 3 (Arabic): OMRAN SALMAN, Resident in Barouk village 5. various of local snow views STORYLINE: The winter season is difficult this year for Lebanon's mountain dwellers as the country has seen a severe storm over the past few days. Amid an unprecedented crisis, the government removed subsidies on diesel used for heating in winter. Meanwhile, the financial crisis, which started three years ago, caused a collapse of the Lebanese pound and the devaluation of salaries, plunging over 80 percent of the population into poverty. SOUNDBITE 1 (Arabic): ALAA RAYDAN, Resident in Barouk village "The situation is very difficult, may God help people. Some peo

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Hundreds of Iraqis protest over devaluation of currency

STORY: Hundreds of Iraqis protest over devaluation of currency DATELINE: Jan. 26, 2023 LENGTH: 00:01:05 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of protest STORYLINE: Hundreds of Iraqis rallied on Wednesday near the Central Bank of Iraq (CBI) in downtown Baghdad to protest the recent devaluation of the Iraqi dinar and demand the government take action to stabilize the currency. According to a source with the Interior Ministry, the demonstrators gathered outside the CBI complex amid a heavy security presence as riot police cordoned off the area. Many demonstrators carried flags and banners, some of which read, "Enough with promises. Devalue the dollar," and another read, "High prices are killing us." Earlier in the week, Iraqi Prime Minister Mohammed Shia' al-Sudani said that "the government continues its support for the Central Bank of Iraq to restore the dollar exchange rate to the official rate. We have taken several strong decisions to support and stabilize the Iraqi dinar, and we war

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Egypt's currency halves in value in 10 months

STORY: Egypt's currency halves in value in 10 months DATELINE: Jan. 12, 2022 LENGTH: 0:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian pound 2. various of banks in Egypt STORYLINE: The Egyptian pound further declined against the U.S. dollar on Wednesday, plunging to below 31 pounds to the dollar before settling at 29.7 in the afternoon. The Egyptian local currency has lost about half of its value since March 2022, when a dollar was worth about 15.7 pounds. Egypt devalued its local currency twice in 2022, the latest of which was in late October. The devaluation is part of the country's "shift to a durable exchange rate regime" demanded by the International Monetary Fund (IMF), which has recently approved a loan of 3 billion dollars to Egypt to finance its economic and structural reforms. Over the past year, Egypt has been facing soaring inflation driven by the global hike in food and energy prices. Egyptian annual urban consumer inflation rose to 21.3 percent in December compar

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EGYPT-ECONOMY

(221226) -- CAIRO, Dec. 26, 2022 (Xinhua) -- A man passes a foreign exchange office in Cairo, Egypt, Dec. 25, 2022. In the past year, the Egyptian government has been striving to curb soaring inflation caused by rising food and energy prices as a result of the Russia-Ukraine conflict and lingering COVID-19 pandemic. TO GO WITH "Yearender: Egypt strives to maintain economic stability amid high inflation, currency devaluation" (Xinhua/Ahmed Gomaa)

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EGYPT-ECONOMY

(221226) -- CAIRO, Dec. 26, 2022 (Xinhua) -- A man stands in front of a clothing store in Cairo, Egypt, Dec. 25, 2022. In the past year, the Egyptian government has been striving to curb soaring inflation caused by rising food and energy prices as a result of the Russia-Ukraine conflict and lingering COVID-19 pandemic. TO GO WITH "Yearender: Egypt strives to maintain economic stability amid high inflation, currency devaluation" (Xinhua/Ahmed Gomaa)

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EGYPT-ECONOMY

(221226) -- CAIRO, Dec. 26, 2022 (Xinhua) -- People use ATMs in Cairo, Egypt, Dec. 25, 2022. In the past year, the Egyptian government has been striving to curb soaring inflation caused by rising food and energy prices as a result of the Russia-Ukraine conflict and lingering COVID-19 pandemic. TO GO WITH "Yearender: Egypt strives to maintain economic stability amid high inflation, currency devaluation" (Xinhua/Ahmed Gomaa)

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EGYPT-ECONOMY

(221226) -- CAIRO, Dec. 26, 2022 (Xinhua) -- People are seen outside of the building of Central Bank of Egypt in Cairo, Egypt, Dec. 25, 2022. In the past year, the Egyptian government has been striving to curb soaring inflation caused by rising food and energy prices as a result of the Russia-Ukraine conflict and lingering COVID-19 pandemic. TO GO WITH "Yearender: Egypt strives to maintain economic stability amid high inflation, currency devaluation" (Xinhua/Ahmed Gomaa)

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Aso, Lew hold talks

WASHINGTON, United States - Japanese Finance Minister Taro Aso speaks with reporters in Washington on April 18, 2013. Aso and U.S. Treasury Secretary Jack Lew held talks the same day and confirmed the need to refrain from currency devaluation and that monetary policy is intended for domestic purposes, Aso said.