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Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles
22.9.2024
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to...
Report: Syrian Central Bank Devalues Local Currency by Nearly 50%
3.1.2023
The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned currency speculators that it will take steps to end activities that undermine the stability...
Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
26.8.2020
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt...
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
4.5.2020
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation...
No, Bitcoin Isn’t Trading for $15K in Lebanon After Currency Collapse
25.4.2020
While some media outlets are claiming that Bitcoins are trading for $15,000 in Lebanon, it would appear the actual price is closer to $7,850