• Curren$y - Supply & Demand

    Shot & Edited by @dexstr8dope__ The Second visual from "The Legend of Harvard Blue"

    published: 11 Jun 2016
  • Huge Gap In Supply Of Currency Notes: Bank Officers Union

    Harvinder Singh, general secretary of All India Bank Officers' Confederation (AIBOC), said that to completely restore the pre-November 8 cash situation, it may take two to three months. Watch more videos: http://profit.ndtv.com/videos?yt Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube

    published: 26 Dec 2016
  • Currency supply in countries

    published: 06 Dec 2016
  • New Advanced Warfare "SUPPLY CREDITS" - Sell Variants for In-Game Currency!

    The new "Supply Credits" feature in Advanced Warfare sounds pretty awesome... what do you think?! ● Map Pack 4 Details + New Legendary Gear in AW! http://youtu.be/3s8gcsmfkcw ● New Sniper Coming to Advanced Warfare: http://youtu.be/5RGRZGegkvk ElGato HD60 is the best capture card out there! http://e.lga.to/tmartn Amazon Link: http://amzn.to/1uVW8NP Improve your aim instantly! Use code "TMARTN" to get 10% off KontrolFreeks: http://bit.ly/tmartnkf 5% off Astro Headsets: http://youtu.be/myzgrHGYo0o My YouTube: http://www.youtube.com/TmarTn My Second Channel: http://www.youtube.com/TmarTn My Twitter: http://www.twitter.com/TmarTn My Facebook: http://www.facebook.com/TmarTn My Website: http://www.TmarTn.com ItsAllViral: http://www.itsallviral.com

    published: 11 Jul 2015
  • How Banks Create Money and the Money Multiplier- Macro 4.8

    Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier. For more practice go to my website www.ACDCecon.com or watch the unit playlist videos. Please subscribe and leave a comment. You rock! Monetary Policy and Despicable Me https://www.youtube.com/watch?v=RaeIBeJT5hY Video about the Federal Reserve https://www.youtube.com/watch?v=qXhXnwDANXo Unit playlists. https://www.youtube.com/watch?v=HQkVO2PsxFw

    published: 13 Nov 2014
  • currency supply

    published: 04 Jan 2017
  • Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney

    More: http://HiddenSecretsofMoney.com Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money. Sign up to the http://GoldSilver.com/ email list to be notified about new releases and receive special bonus content: http://goldsilver.com/hidden-secrets-money/currency-money/. To learn about gold and silver, central banking, wealth cycles, deficit spending, monetary history, the financial crisis, the fiscal cliff, the debt ceiling and more, view the Hidden Secrets Of Money playlist (http://goo.gl/GBsdr) and subscribe to this channel: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebo...

    published: 26 Feb 2013
  • What gives a dollar bill its value? - Doug Levinson

    View full lesson: http://ed.ted.com/lessons/what-gives-a-dollar-bill-its-value-doug-levinson The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation. Lesson by Doug Levinson, animation by Qa'ed Mai.

    published: 23 Jun 2014
  • Why can't we just print money to pay off debt?

    A video looking at way you can't simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isn't necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trust-worthy currency and other countries see the US as a safe place to put their money. It would be worse it countries started buying debt of other countries and stopped putting into the United States. The debt may be a lot but it's actually not something that's an issue. The US will never 'pay-off' its debt because that's not how it works. National debt only becomes an issue if GDP isn't growing, which it is. A more accurate way to see when the debt is an issue is the debt-GDP ration. In which the US i...

    published: 31 Aug 2013
  • Currency supply created by banks, gold & bitcoin is maybe our only rescue

    Monetary system is legalized theft If we stop borrowing then no new currency is created Our currency supply is printed and most of it typed by bank deposits 92 % of all currency is not created by government but in the banking system

    published: 15 Jun 2017
  • Currency Printing Machine (Doller,, Riyal, Euro, India Rupee etc...)

    Money creation (also known as credit creation) is the process by which the money supply of a country or a monetary region (such as the Eurozone) is increased. A central bank may introduce new money into the economy (termed "expansionary monetary policy", or by detractors "printing money") by purchasing financial assets or lending money to financial institutions. However, in most countries today, most of the money supply is in the form of bank deposits, which is created by the fractional reserve banking system. Bank lending multiplies the amount of broad money beyond the amount of base money originally created by the central bank. Reserve requirements, capital adequacy ratios, and other policies of the central bank limit this process. Central banks monitor the amount of money in the economy...

    published: 15 Nov 2016
  • The future of money | Neha Narula

    What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money — and paints a picture of a very different looking future. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at ...

    published: 03 Oct 2016
  • What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10

    This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian. When things go wrong, economically, the central bank of the country intervenes to try aand get things back on track. In the United States, the Federal Reserve is the organization that steps in to use monetary policy to steer the economy. When the Fed, as it's called, does step in, there are a few different tacks it can take. The Fed can change interest rates, or it can change the money supply. This is pretty interesting stuff, and it's what we're getting into today. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the followin...

    published: 08 Oct 2015
  • What Moves A Currency? Why Currency Rates Move...

    What affects foreign exchange rates? http://www.contracts-for-difference.com/markets/Forex-CFDs.html If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date! Foreign exchange rates are affected by multiple fundamental reasons as international trade and investment causes movements in the foreign exchange markets. Will the dollar crash? Will the Chinese yuan be the next world leader? You may have encountered foreign exchange rates mostly when considering your holidays, when you change your pounds into the local currency, and back again when you return. Sometimes, you may find a big difference between one year and the next in how much foreign currency you can get for your money. As with all markets, fore...

    published: 15 Aug 2014
  • P2P Digital Currency-The New Unregulated Money Supply

    Max Keiser and guest talk on the new digital currencies used in many situations like online gaming by using peer-to-peer social networks and groups, which has no central regulatory system.

    published: 25 Feb 2012
  • Egypt Central Bank allows demand and supply to determine currency value

    Egypt's central bank has announced the devaluation of the Egyptian pound. The official value of the pound dropped by 48%, from 8.89 to the dollar to 13.5. An exceptional 100 million dollar tender was issued at the new price. The devaluation was a key condition of the IMF for a loan of 12.5 billion dollars over three years. Yasser Hakim with the story.

    published: 03 Nov 2016
Curren$y - Supply & Demand

Curren$y - Supply & Demand

  • Order:
  • Duration: 4:27
  • Updated: 11 Jun 2016
  • views: 650030
videos
Shot & Edited by @dexstr8dope__ The Second visual from "The Legend of Harvard Blue"
https://wn.com/Curren_Y_Supply_Demand
Huge Gap In Supply Of Currency Notes: Bank Officers Union

Huge Gap In Supply Of Currency Notes: Bank Officers Union

  • Order:
  • Duration: 14:31
  • Updated: 26 Dec 2016
  • views: 58
videos
Harvinder Singh, general secretary of All India Bank Officers' Confederation (AIBOC), said that to completely restore the pre-November 8 cash situation, it may take two to three months. Watch more videos: http://profit.ndtv.com/videos?yt Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube
https://wn.com/Huge_Gap_In_Supply_Of_Currency_Notes_Bank_Officers_Union
Currency supply in countries

Currency supply in countries

  • Order:
  • Duration: 1:38
  • Updated: 06 Dec 2016
  • views: 3
videos
https://wn.com/Currency_Supply_In_Countries
New Advanced Warfare "SUPPLY CREDITS" - Sell Variants for In-Game Currency!

New Advanced Warfare "SUPPLY CREDITS" - Sell Variants for In-Game Currency!

  • Order:
  • Duration: 2:23
  • Updated: 11 Jul 2015
  • views: 245253
videos
The new "Supply Credits" feature in Advanced Warfare sounds pretty awesome... what do you think?! ● Map Pack 4 Details + New Legendary Gear in AW! http://youtu.be/3s8gcsmfkcw ● New Sniper Coming to Advanced Warfare: http://youtu.be/5RGRZGegkvk ElGato HD60 is the best capture card out there! http://e.lga.to/tmartn Amazon Link: http://amzn.to/1uVW8NP Improve your aim instantly! Use code "TMARTN" to get 10% off KontrolFreeks: http://bit.ly/tmartnkf 5% off Astro Headsets: http://youtu.be/myzgrHGYo0o My YouTube: http://www.youtube.com/TmarTn My Second Channel: http://www.youtube.com/TmarTn My Twitter: http://www.twitter.com/TmarTn My Facebook: http://www.facebook.com/TmarTn My Website: http://www.TmarTn.com ItsAllViral: http://www.itsallviral.com
https://wn.com/New_Advanced_Warfare_Supply_Credits_Sell_Variants_For_In_Game_Currency
How Banks Create Money and the Money Multiplier- Macro 4.8

How Banks Create Money and the Money Multiplier- Macro 4.8

  • Order:
  • Duration: 4:12
  • Updated: 13 Nov 2014
  • views: 139778
videos
Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier. For more practice go to my website www.ACDCecon.com or watch the unit playlist videos. Please subscribe and leave a comment. You rock! Monetary Policy and Despicable Me https://www.youtube.com/watch?v=RaeIBeJT5hY Video about the Federal Reserve https://www.youtube.com/watch?v=qXhXnwDANXo Unit playlists. https://www.youtube.com/watch?v=HQkVO2PsxFw
https://wn.com/How_Banks_Create_Money_And_The_Money_Multiplier_Macro_4.8
currency supply

currency supply

  • Order:
  • Duration: 2:32
  • Updated: 04 Jan 2017
  • views: 1
videos
https://wn.com/Currency_Supply
Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney

Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney

  • Order:
  • Duration: 25:56
  • Updated: 26 Feb 2013
  • views: 1779801
videos
More: http://HiddenSecretsofMoney.com Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money. Sign up to the http://GoldSilver.com/ email list to be notified about new releases and receive special bonus content: http://goldsilver.com/hidden-secrets-money/currency-money/. To learn about gold and silver, central banking, wealth cycles, deficit spending, monetary history, the financial crisis, the fiscal cliff, the debt ceiling and more, view the Hidden Secrets Of Money playlist (http://goo.gl/GBsdr) and subscribe to this channel: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebook.com/pages/Goldsilvercom/230719865624 Twitter (GoldSilver): https://twitter.com/Gold_Silver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com
https://wn.com/Money_Vs_Currency_Hidden_Secrets_Of_Money_Ep_1_Mike_Maloney
What gives a dollar bill its value? - Doug Levinson

What gives a dollar bill its value? - Doug Levinson

  • Order:
  • Duration: 3:52
  • Updated: 23 Jun 2014
  • views: 1233963
videos
View full lesson: http://ed.ted.com/lessons/what-gives-a-dollar-bill-its-value-doug-levinson The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation. Lesson by Doug Levinson, animation by Qa'ed Mai.
https://wn.com/What_Gives_A_Dollar_Bill_Its_Value_Doug_Levinson
Why can't we just print money to pay off debt?

Why can't we just print money to pay off debt?

  • Order:
  • Duration: 10:09
  • Updated: 31 Aug 2013
  • views: 1285106
videos
A video looking at way you can't simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isn't necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trust-worthy currency and other countries see the US as a safe place to put their money. It would be worse it countries started buying debt of other countries and stopped putting into the United States. The debt may be a lot but it's actually not something that's an issue. The US will never 'pay-off' its debt because that's not how it works. National debt only becomes an issue if GDP isn't growing, which it is. A more accurate way to see when the debt is an issue is the debt-GDP ration. In which the US is fine in that respect. Whereas Greece and Japan have debt-GDP ratios of over 150%, which is bad. Also, keep in mind that the US owns debt of many other countries. In fact, for every $1 of US debt, the US holds $0.89 of foreign debt. Note: if you're having trouble understanding the whole 'long-scale' and 'short-scale' talk then please read this Wiki article: http://en.wikipedia.org/wiki/Long_and_short_scales MUSIC: Hammock Fight - Kevin MacLeod - (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100213 IMAGES: White House: Matt Wade - http://en.wikipedia.org/wiki/User:UpstateNYer Assortment of Money - epSos.de Flickr users: Nick Ares(http://www.flickr.com/photos/aresauburnphotos/) Taki Steve (http://www.flickr.com/photos/13519089@N03/) Kevinzim (http://www.flickr.com/photos/86624586@N00/) (I wrongly credited ZeroOne in the video for the image of the Zimbabwean dollars, it's actually from Wikimedia Commons, and in the public domain) Wikipedia Articles: Hyperinflation - http://en.wikipedia.org/wiki/Hyperinflation Hyperinflation in Zimbabwe - http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Zimbabwean Dollar - http://en.wikipedia.org/wiki/Zimbabwean_dollar Hungarian Pengo - http://en.wikipedia.org/wiki/Hungarian_pengo Names of large numbers - http://en.wikipedia.org/wiki/Names_of_large_numbers Helpful YouTube videos: 'Who much money is there in the world' by Vsauce - http://www.youtube.com/watch?v=w2tKg3E53DM 'Understanding the National Debt and Budget Deficit' by John Green of the Vlogbrother - http://www.youtube.com/watch?v=3ugDU2qNcyg Clip art from http://www.clker.com/ FOLLOW ME ON TWITTER: www.twitter.com/wonderwhy7439
https://wn.com/Why_Can't_We_Just_Print_Money_To_Pay_Off_Debt
Currency supply created by banks, gold & bitcoin is maybe our only rescue

Currency supply created by banks, gold & bitcoin is maybe our only rescue

  • Order:
  • Duration: 2:31
  • Updated: 15 Jun 2017
  • views: 5
videos
Monetary system is legalized theft If we stop borrowing then no new currency is created Our currency supply is printed and most of it typed by bank deposits 92 % of all currency is not created by government but in the banking system
https://wn.com/Currency_Supply_Created_By_Banks,_Gold_Bitcoin_Is_Maybe_Our_Only_Rescue
Currency Printing Machine (Doller,, Riyal, Euro, India Rupee etc...)

Currency Printing Machine (Doller,, Riyal, Euro, India Rupee etc...)

  • Order:
  • Duration: 3:48
  • Updated: 15 Nov 2016
  • views: 284
videos
Money creation (also known as credit creation) is the process by which the money supply of a country or a monetary region (such as the Eurozone) is increased. A central bank may introduce new money into the economy (termed "expansionary monetary policy", or by detractors "printing money") by purchasing financial assets or lending money to financial institutions. However, in most countries today, most of the money supply is in the form of bank deposits, which is created by the fractional reserve banking system. Bank lending multiplies the amount of broad money beyond the amount of base money originally created by the central bank. Reserve requirements, capital adequacy ratios, and other policies of the central bank limit this process. Central banks monitor the amount of money in the economy by measuring monetary aggregates such as M2. The effect of monetary policy on the money supply is indicated by comparing these measurements on various dates. For example, in the United States, money supply measured as M2 grew from $6.407 trillion in January 2005, to $8.319 trillion in January 2009
https://wn.com/Currency_Printing_Machine_(Doller,,_Riyal,_Euro,_India_Rupee_Etc...)
The future of money | Neha Narula

The future of money | Neha Narula

  • Order:
  • Duration: 16:17
  • Updated: 03 Oct 2016
  • views: 137051
videos
What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money — and paints a picture of a very different looking future. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector
https://wn.com/The_Future_Of_Money_|_Neha_Narula
What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10

What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10

  • Order:
  • Duration: 9:25
  • Updated: 08 Oct 2015
  • views: 336065
videos
This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian. When things go wrong, economically, the central bank of the country intervenes to try aand get things back on track. In the United States, the Federal Reserve is the organization that steps in to use monetary policy to steer the economy. When the Fed, as it's called, does step in, there are a few different tacks it can take. The Fed can change interest rates, or it can change the money supply. This is pretty interesting stuff, and it's what we're getting into today. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/What's_All_The_Yellen_About_Monetary_Policy_And_The_Federal_Reserve_Crash_Course_Economics_10
What Moves A Currency?  Why Currency Rates Move...

What Moves A Currency? Why Currency Rates Move...

  • Order:
  • Duration: 7:45
  • Updated: 15 Aug 2014
  • views: 3153
videos
What affects foreign exchange rates? http://www.contracts-for-difference.com/markets/Forex-CFDs.html If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date! Foreign exchange rates are affected by multiple fundamental reasons as international trade and investment causes movements in the foreign exchange markets. Will the dollar crash? Will the Chinese yuan be the next world leader? You may have encountered foreign exchange rates mostly when considering your holidays, when you change your pounds into the local currency, and back again when you return. Sometimes, you may find a big difference between one year and the next in how much foreign currency you can get for your money. As with all markets, foreign exchange and the relative value of currencies is affected by supply and demand. Having said that, demand is the main driver of foreign exchange rate changes. An abundance of supply of a particular currency doesn't really cause people to buy more of it, whereas an increasing demand will force the rate up. Much of this demand is caused by international trade, for instance Japanese cars imported to the UK will be paid for with pounds sterling, but this money will be converted into Japanese yen to pay the manufacturer who has to pay his workers and suppliers. This then causes you to consider the trade balance. Obviously it is not a stable situation if one country buys goods from the other, and there is no corresponding foreign exchange in the other direction. The currency which is being used by the buyers to pay for the goods, in this case sterling, cannot forever be paid out to buy Japanese yen with no compensating currency exchange back. This situation is to some extent self-regulating. The buying currency will decrease in value, and the currency of the producing country will increase relatively. Before too long, the price of Japanese cars in the UK would have to rise, and this would reduce the demand, cutting back on the trade imbalance. Different countries have different fundamentals. Some countries are rich in the natural resources that are needed for production. These countries include Canada and Australia. Other countries have less in natural resources and take on the role of the producers, buying in raw materials and shipping out finished products. Although political influences can have short-term effects, in the long term the economic forces are more significant in determining the fortunes of a currency. Certainly political instability can make the world markets hesitate, with investors wary of buying the currency, but it's how efficient a country is at extracting natural resources and/or manufacturing that will ultimately impact how its currency is viewed globally. Another governmental decision that has some effect, although not in the long-term, is that of the central bank interest rate. When interest rates differ between various countries, there is an obvious pressure for the exchange rate to compensate. Without a drift in exchange rate, investors in the lower interest rate country would have a no risk way of increasing their income by buying the other currency, putting it into a savings account there. Finally, whenever there are crises in the world, you will note that there is a flight to what is regarded as a quality or safer currency. Typically, investors will buy US dollars or other major currencies, on the basis that the value is more likely to be retained.
https://wn.com/What_Moves_A_Currency_Why_Currency_Rates_Move...
P2P Digital Currency-The New Unregulated Money Supply

P2P Digital Currency-The New Unregulated Money Supply

  • Order:
  • Duration: 12:58
  • Updated: 25 Feb 2012
  • views: 279
videos
Max Keiser and guest talk on the new digital currencies used in many situations like online gaming by using peer-to-peer social networks and groups, which has no central regulatory system.
https://wn.com/P2P_Digital_Currency_The_New_Unregulated_Money_Supply
Egypt Central Bank allows demand and supply to determine currency value

Egypt Central Bank allows demand and supply to determine currency value

  • Order:
  • Duration: 8:15
  • Updated: 03 Nov 2016
  • views: 473
videos
Egypt's central bank has announced the devaluation of the Egyptian pound. The official value of the pound dropped by 48%, from 8.89 to the dollar to 13.5. An exceptional 100 million dollar tender was issued at the new price. The devaluation was a key condition of the IMF for a loan of 12.5 billion dollars over three years. Yasser Hakim with the story.
https://wn.com/Egypt_Central_Bank_Allows_Demand_And_Supply_To_Determine_Currency_Value
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