Close-up on the currencies of ‘The Next Eleven’

In last week’s article we looked at ‘the next eleven’, those countries who are predicted to be the global economic leaders of the future. These are Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey and Vietnam.  Each of these eleven countries has their own independent currency which we’ll take a brief […]

Who is next to join the European Union?

The European Union hasn’t finished expanding, there are actually several countries who are in the process of joining right now! Any country who joins is legally obliged via EU treaty to replace their own domestic currency with the Euro. Following recent news that both Ukraine and Moldova were granted ‘EU candidate status’ we’ll take a […]

Hyperinflation is still happening in the 21st century

When you hear the word ‘Hyperinflation’ you probably think about that history lesson you had in school, the one about Germany between the wars where a wheelbarrow full of cash was needed to buy a loaf of bread. The one that included The Wall Street Crash and brownshirt Nazi thugs beating people up in the […]

The Turkish Lira currency crisis explained

Without a doubt the last 15 or so years have been a rough time for all the major economies of the world. From the Global Recession to COVID-19, it’s been a rollercoaster of a ride. Turkey however has had one of the most turbulent times of all. For a long time, Turkey has been a […]

2021’s best and worst performing currencies

(It’s been another great year for Renminbi) Doing well: Chinese Yuan It has been a really strong year for the Renminbi. Starting off the year at over 9 CNY to 1 GBP, the Chinese Yuan (CNY) has outperformed the pound. Over the course of the year, we have seen rates as low as 8.1. As […]