Singapore lets currency rise to tame inflation
SINGAPORE -- Singapore's central bank tightened its monetary policy Friday by allowing for a stronger currency to combat the island's stubbornly high inflation rate....
Currencies: Dollar weakens as BOJ adopts Fed-style policy
The U.S. dollar weakens against the Japanese yen and other currencies on Tuesday as the Bank of Japan voted for a 2% inflation target and shifted to open-ended asset purchases in a bid to end stagflation.
Singapore Central Bank Holds Policy Steady
Singapore's central bank unexpectedly kept its monetary policy unchanged and said it will continue to guide the local dollar on its current appreciation path, as inflation concerns trumped a contraction in the economy in the third quarter.
Iran inflation crisis sparks protests and blame
Wednesday, October 3, 2012 - 08:40 Ali Al-Saadi/Getty Images A money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad, Iraq. Today police in Iran fought with money lenders and other protesters in front of the country's central bank. Inflation in Iran is running at a shocking clip: the Iranian Rial is down 25% against the dollar in just the past week, and there is lots of blame to go around -- including some directed at the U.S. President Mahmoud Ahmadinejad has blamed international sanctions for the currency collapse, but others outside of the administration believe the inflation troubles are the result of bad policies and government mismanagement -- pointing the blame back at Ahmadinejad. While Ahmadinejad has encouraged Iranians not too exchange Rials for U.S. or other foreign currencies, many citizens are moving money into things like dollars, gold, even luxury cars. ...