Tag: devaluation

Oil prices have dropped by 70 percent since June 2014. The Saudi Arabia’s foreign reserves have fallen from a peak of $746 billion in August…

China recently devalued its yuan by about 1.9 percent, marking the largest drop in two decades. The devaluation came as a surprise to many markets…

Shinzo Abe was first elected prime minister of Japan in September 2006. He showed commitment to fiscal policy reforms, including a balanced budget, but failed…