Currency - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Fri, 22 Aug 2025 21:26:02 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.3 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Currency - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 SYRIA’S CURRENCY REVALUATION: DAMASCUS PLANS TO REVALUE ITS CURRENCY BY REMOVING TWO ZEROS TO STABILIZE ITS ECONOMY https://www.garnertedarmstrong.org/syrias-currency-revaluation-damascus-plans-to-revalue-its-currency-by-removing-two-zeros-to-stabilize-its-economy/?utm_source=rss&utm_medium=rss&utm_campaign=syrias-currency-revaluation-damascus-plans-to-revalue-its-currency-by-removing-two-zeros-to-stabilize-its-economy Fri, 22 Aug 2025 21:26:02 +0000 https://www.garnertedarmstrong.org/?p=48009 Syria has announced a significant economic reform: the revaluation of its currency by removing two zeros from the Syrian pound, set to take effect with new banknotes issued in December. This move, aimed at restoring public confidence in a currency that has lost over 99% of its value since the onset of the civil war...

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]]> Syria has announced a significant economic reform: the revaluation of its currency by removing two zeros from the Syrian pound, set to take effect with new banknotes issued in December.

This move, aimed at restoring public confidence in a currency that has lost over 99% of its value since the onset of the civil war in 2011, marks a critical effort to address the country’s deep-seated financial instability. As Syria navigates a post-conflict landscape following the ouster of President Bashar al-Assad in December 2024, this currency overhaul carries both practical and symbolic weight, signaling a break from decades of economic and political turmoil.

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Source: https://www.bbntimes.com/financial/syria-s-currency-revaluation-damascus-plans-to-revalue-its-currency-by-removing-two-zeros-to-stabilize-its-economy

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The post SYRIA’S CURRENCY REVALUATION: DAMASCUS PLANS TO REVALUE ITS CURRENCY BY REMOVING TWO ZEROS TO STABILIZE ITS ECONOMY first appeared on Garner Ted Armstrong Evangelistic Association.

]]> China, Brazil strike deal to ditch dollar for trade https://www.garnertedarmstrong.org/china-brazil-strike-deal-to-ditch-dollar-for-trade/?utm_source=rss&utm_medium=rss&utm_campaign=china-brazil-strike-deal-to-ditch-dollar-for-trade Fri, 31 Mar 2023 16:56:11 +0000 https://www.garnertedarmstrong.org/?p=43701 China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary, the Brazilian government said on Wednesday. The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to...

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]]> China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary, the Brazilian government said on Wednesday.

The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar.

“The expectation is that this will reduce costs… promote even greater bilateral trade and facilitate investment,” the Brazilian Trade and Investment Promotion Agency (ApexBrasil) said in a statement

China is Brazil’s biggest trading partner, with a record US$150.5 billion (S$200 billion) in bilateral trade last year.

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Source: https://www.thecitizen.co.tz/tanzania/news/international/china-brazil-strike-deal-to-ditch-dollar-for-trade-4178756

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]]> Yen hits new lows even after Japan steps up verbal intervention https://www.garnertedarmstrong.org/yen-hits-new-lows-even-after-japan-steps-up-verbal-intervention/?utm_source=rss&utm_medium=rss&utm_campaign=yen-hits-new-lows-even-after-japan-steps-up-verbal-intervention Thu, 08 Sep 2022 15:42:43 +0000 https://www.garnertedarmstrong.org/?p=42721 South Korea’s won reaches lowest level since 2009 as selling in Asian currencies picks up steam The yen fell further against the dollar on Wednesday, leaving it down a fifth this year as Japan’s government stepped up its verbal intervention aimed at stemming an acute sell-off in the currency. Japan’s currency declined to ¥144 against...

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]]> South Korea’s won reaches lowest level since 2009 as selling in Asian currencies picks up steam

The yen fell further against the dollar on Wednesday, leaving it down a fifth this year as Japan’s government stepped up its verbal intervention aimed at stemming an acute sell-off in the currency.

Japan’s currency declined to ¥144 against the dollar, its weakest level since 1998, despite a shift in language by Japanese officials, which gave the strongest hints to date that they could take action if the currency continues to slide.

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Source: https://www.ft.com/content/98bdaa79-f33c-413f-aa29-8780b50c5c5b

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