DW examines the affects of the Turkish currency's rapid depreciation on the country's businesses.
PM Modi's move to abruptly withdraw all high-value currency notes from circulation remains highly contentious a year on, with former PM Manmohan Singh calling it "a black day" for India's economy and democracy.
The US Treasury has sanctioned two German companies involved in an elaborate counterfeit currency scheme. "Hundreds of millions of dollars" in Yemeni bank notes were likely made with the help of Iran's elite Quds Force.
Germany's blue-chip Dax index and the euro have pared early losses suffered after Chancellor Angela Merkel's efforts to form a coalition government failed. But political uncertainty in Europe's biggest economy remains.
Turkish inflation has risen to new highs, driven by cheap credit. The news is a blow to the central bank’s goal of lowering borrowing costs and casts doubt on whether Erdogan's cheap credit boom will survive the impact.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version