#currency-crisis

#currency-crisis

The Yemeni government's measures to curb the devaluation of the Yemeni riyal have created a severe liquidity crunch, leading to public frustration over cash shortages.

As demonstrators flood Iranian streets in ongoing protests which started late last month, United States President Donald Trump has threatened military intervention, arguing that he wants to help protesters. He wrote in a post on his Truth Social platform on Saturday: Iran is looking at FREEDOM, perhaps like never before. The USA stands ready to help!!! He has since echoed those sentiments in other public statements.

The congressional setback arrives as Milei's political party faces slumping popularity headed into a midterm election. Argentina's struggling President Javier Milei has suffered a new setback as Congress overturned his vetoes of laws increasing funding for public universities and for paediatric care. On Thursday, senators invalidated both vetoes, which had already been rejected by the Chamber of Deputies, bringing to three the number of laws upheld by Congress despite vehement opposition from the budget-slashing Milei.

Argentina's markets have tumbled, with the peso currency at a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition at local elections stoked worries about the government's ability to implement its economic reform agenda. On Monday, the peso was last down almost 5 percent against the US dollar at 1,434 per greenback while the benchmark stock index fell 10.5 percent, and an index of Argentine stocks traded on United States exchanges lost more than 15 percent.