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Inflation

US dollars are now commonly used by businesses in Venezuela. The informal adoption of the dollar has helped to decrease inflation and product shortages.

Venezuela’s public sector workers take on multiple side jobs just to get by

Economics

To supplement their meager wages, many government workers in Venezuela are turning to side hustles that include driving taxis, baking cakes, selling clothes or taking care of pets. And that’s having an impact on the quality of public services.

In Argentina, annual inflation tops 100%, a 30-year high, with the cost of meat and fruit skyrocketing.

Argentines wage ‘mental war’ against inflation as prices double in a year

Business, Economics and Jobs
A worker fills up a plastic container with gasoline at a gas station in Pasay, Philippines, Oct. 11, 2022.

Record-breaking inflation rates in the Philippines are pushing people to take on extra jobs

Business, Economics and Jobs
A porter carries sacks of imported food items at a market place in Colombo, Sri Lanka

Sri Lanka’s financial crisis is impacting families across the economic spectrum

Economics
neighborhood sidewalk

‘How long will this continue?’: People in Istanbul see their rents double as inflation soars

Economics
Reserve Bank of Zimbabwe Governor John Mangudya holds a sample of a gold coin at the launch in Harare, Monday, July, 25, 2022.

Zimbabwe gambles with gold to curb soaring inflation

Business, Economics and Jobs

This past week, the Zimbabwean government launched a gold coin priced at about $1,800, hoping that when people buy it, it will reduce the number of bills in circulation and eventually stabilize the Zim dollar. But some are dubious about the plan. 

People take pictures in front of Sagrada Familia Basilica designed by architect Antoni Gaudi in Barcelona, Spain, Friday, July 9, 2021. 

As euro slides in value, US likely to ‘import more, export less,’ economist explains

Business, Economics and Jobs

The sliding value of the euro could have a big impact on the US trade deficit, according to economist Eswar Prasad, a trade policy professor who spoke to The World’s Marco Werman from Spain.

Bank customers write Arabic words thats read "Riad is a thief. Thieves" (Riad Salameh, the governor of Lebanon's Central Bank) on a facade of bank in Beirut, Lebanon, Friday, Nov. 19, 2021.

Monetary policy by other means: Part I

Critical State

Critical State, a foreign policy newsletter by Inkstick Media, takes a deep dive this week into the effect that central banking can have on conflict.

People in military uniform wear face masks while they form a line on a Beirut street during protest.

Lebanon protests called out corruption. Now it’s about survival. 

Protest

Lebanese protesters are back in the streets with increasing desperation as the country sinks. 

Turkish President Tayyip Erdoğan is shown speaking at a podium with Turkish flags behind him.

Defiant Erdoğan casts Turkey currency crisis in religious, patriotic terms

President Tayyip Erdoğan said on Monday an attack on Turkey’s economy was no different from a strike against its flag or the Islamic call to prayer.