World Mar 06

A money exchange vendor holds stacks of Lebanese pound banknotes at a shop in Beirut, Lebanon January 19, 2023. Photo by Mohamed Azakir/REUTERS
Lebanon leans on U.S. dollar as economy tanks

The Lebanese pound has lost as much as 98 percent in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what's seen as a nearly useless currency.

Mar 31

Officials: U.S. considers easing ban on dollars to help Iran

WASHINGTON -- The Obama administration is considering easing financial restrictions that prohibit U.S. dollars from being used in transactions with Iran, U.S. officials said. Angry lawmakers countered that Tehran would be getting more than it deserves from last year's nuclear…

Everyone knows prices in the U.S. vary regionally, just like certain products are cheaper in China, say, or far cheaper in the Ukraine. But that hardly demonstrates that the renminbi or hyrvnia currencies are overvalued, Paul Solman says, noting that…

Jul 30

Watch
Falling dollar

Leaders of the industrial world met in Florida earlier this year to discuss international finances and exchange rates. Paul Solman reports from New York on the effects of the fall of the U.S. dollar against other currencies, the biggest currency…