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النسخة العربية
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Tag
  • Hyperinflation

Adrián Astorgano

Why people flock to the dollar when local currencies collapse

An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.

Abdel-Rahman Ayas 06 June 2026
A customer receives the new $5 ZiG, short for Zimbabwe Gold, coins as change from a cashier in a leading supermarket in Harare on April 30, 2024. Jekesai NJIKIZANA / AFP

Perception and price inflation: two sides of the same coin

Psychology shapes economic behaviour, with effects as wide-ranging as a run on a bank to a long-term investment. Today, the value of money rests as much on public belief as on policy.

Abdel-Rahman Ayas 06 October 2025
  • Popular
  • Editor's Pick
Al Majalla
Politics

Lula, the great survivor, makes history

26, Oct 2026

Latin America's iconic left-wing statesman is Brazil's president, again

The Economist
Al Majalla
Business & Economy

Energy security and resiliency in an uncertain world

24, Oct 2026

Türkiye's Minister of Energy and Natural Resources writes for Al Majalla

Alparslan Bayraktar
Pete Reynolds
Politics

Benjamin Netanyahu is damaged goods in the West

25, Oct 2026

Key voices in the West appear to be throwing him under the bus ahead of the approaching Israeli election

Brian Katulis
Al Majalla
Culture & Social Affairs

The Palestinian flag in France: from student activism to social unrest 

23, Oct 2026

Once a symbol of solidarity with the Palestinian cause, it is now being used by different groups to advance their own grievances and agendas

Waddah Abu Jamea
Ukranian Minister for Foreign Affairs Dmytro Kuleba listens to the North Atlantic Treaty Organization (NATO) Secretary General during the alliance's 75th anniversary at the NATO Headquarters in Brussels on 4 April 2024. KENZO TRIBOUILLARD / AFP
Politics

Dmytro Kuleba on Trump’s drift towards Moscow

24, Oct 2026

Ukraine's former foreign minister is pragmatic about the war, peace talks, Kyiv's opponent, Washington, the Chinese, and the Gulf. His thoughts are a fascinating insight into Europe's biggest battle

Ahmed Maher

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OPINIONS

Israeli elections challenge Netanyahu's grip on power

Al Majalla - London
Al Majalla - London

Cairo's adversaries seem to be on the same page

Amr Emam
Amr Emam

The imprint of place and the living past in Saudi fiction

Jaber Muhammad Madkhali
Jaber Muhammad Madkhali

Lula, the great survivor, makes history

The Economist
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