Devaluation

The Russian Central Bank's decision to halt foreign currency purchases on the domestic market came into effect following a sharp decline in the ruble, which fell to an alarming exchange rate of 113 rubles per dollar on Wednesday. The move aims to stabilize the currency amid heightened market volatility.

The increase in the minimum wage is a positive development. The value of labor was one of those areas that took the brunt of the internal devaluation during Greece's economic crisis. 

But cultivating an economic environment that will create high-paying jobs requires much more complex and painstaking efforts.

Finance Minister Mehmet Şimşek has ruled out scenarios regarding the real depreciation of the Turkish Lira after the upcoming local elections.

"We do not have an exchange rate target. We are implementing a policy set which makes the lira attractive," Şimşek said in a televised interview on March 4.

Argentina's Economy Minister, Luis Caputo, declared an unprecedented step to devalue the peso by more than 50%, aiming to rescue the country's struggling economy. This decision, changing the dollar conversion rate to 800 pesos per dollar from 365, comes early in President Javier Milei's tenure.

The name of the person who currently keeps social peace in Bulgaria is Ivan Ivanov, head of the Energy and Water Regulatory Commission. The snowball, however, has got rolling and cannot be stopped.

Kemal Kılıçdaroğlu, the chair of the main opposition Republican People's Party (CHP), has continued his criticisms against the government for not being sufficiently transparent over the reserves of the Central Bank and for inconsistent explanations by the officials on the matter.

The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains.

Character weaknesses are usually evident by the time people hit their twenties and become hard to fix by their thirties. The euro celebrates its twentieth birthday saddled with flaws dating back to its conception.

China said on Feb. 3 it has never used its currency as a tool to gain an advantage in trade and was not seeking a "currency war",  after U.S. President Donald Trump criticized Beijing for harming American companies and consumers with a devaluation of its yuan. 

U.S. President Donald Trump and trade adviser Peter Navarro strongly criticized Germany, Japan and China, saying the trading partners were "engaged in devaluing their currencies to U.S. disadvantage." 

Their comments saw a harsh reaction from the country's trade partners. The greenback also sank, before recovering due to bargain hunting.