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  • Politics
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  • US dollar

A Japanese man walks past a screen displaying foreign currency exchange rates against the Japanese yen following the yen's collapse on 3 August 2026. Reuters

A tool rarely used: historic US intervention to save the yen

The Federal Reserve worked with the Bank of Japan last week to help lift the yen, after it hit nearly 40-year lows against the dollar. Has it succeeded?

Rana Freifer 05 August 2026
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
Al Majalla

Gold’s ascent points to strains in the dollar-centric global financial order

Rising bullion prices, volatile currency markets, and renewed debate over US monetary strategy reflect deepening doubts about Washington's stewardship of the global financial system

Mohamed Sharki 18 February 2026
Turkish financial expert Cüneyt Akman

Turkish Expert Asserts Continued Loss of Lira Amid Unchanged Economic Policies

The Turkish lira continues to touch record lows, the first of its kind, at a time when the Central Bank is trying to control its exchange rate against foreign currencies. The lira continues its…

Jiwan Soz 19 December 2021
The US Dollar depicted as the dominate world reserve currency. (Getty)

Does It Matter If Dollar Dominance Ends?

What price will the United States pay for the end of dollar hegemony, if indeed dollar hegemony ends? Paul Krugman, New York Times columnist and Nobel Prize laureate, suggests that concern over the…

Robert Farley 25 June 2021
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  • Editor's Pick
Photos of the new head of the Israeli intelligence agency (Mossad), Roman Gofman (right); Syrian Foreign Minister Asaad al-Shaibani; and the US Envoy to Syria, Tom Barrack.
 Al Majalla
Politics

Why Israel's strike in northern Syria surprised Damascus

20 August 2026

Shaibani held several calls with the Mossad chief days before the strike, explaining why the airport's runway was being rehabilitated and that it had no hostile intentions, but Israel bombed it anyway

Ibrahim Hamidi
Pakistan's Ambassador Permanent Representative to the UN, Asim Iftikhar Ahmad, attends a United Nations Security Council meeting after the US and Israel launched strikes on Iran, in New York, on 28 February 2026. REUTERS/Heather Khalifa
Politics

Pakistan's UN envoy: there is no military solution to Iran war

20 August 2026

Ambassador Asim Iftikhar Ahmad speaks to Al Majalla about Islamabad's diplomatic role in the talks between the US and Iran, its balancing act between Tehran and Riyadh and the Mecca Pact

Ahmed Maher
Al Majalla
Science & Technology

Why Israel's outsized influence on global tech is worrying

19 August 2026

From Apple's chips to Nvidia's data centres, Israeli tech has embedded itself in the global tech ecosystem. This comes with grave national security implications.

Marco Mossad
Lina Jaradat
Politics

Ahmed al-Sharaa: the next battle

20 August 2026

Balancing the competing interests of regional and global stakeholders is no easy task. Can the president keep Syria from becoming an arena for regional conflict?

Al Majalla - London
Stock markets reacted to an uptick in US inflation, suggesting that President Donald Trump's tariffs were impacting the American economy. Angela Weiss/AFP
Business & Economy

Why bond markets are unnerving rich-world politicians

20 August 2026

As stocks rise ever higher, yields have been climbing ominously

The Economist

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OPINIONS

Could the Black Sea become the "Hormuz of food"?

Abdel-Rahman Ayas
Abdel-Rahman Ayas

What if Türkiye shot down an Israeli jet?

Ibrahim Hamidi
Ibrahim Hamidi

Anthony Fauci and the politics of expertise

Stefanie Butendieck Hijerra
Stefanie Butendieck Hijerra

Is an Israel-Syria pincer attack on Hezbollah in the works?

Elie Kossaifi
Elie Kossaifi
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