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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
  • Popular
  • Editor's Pick
Ewan White
Politics

Iraq at risk of fragmentation

22, Oct 2026

This week's cover story details how militia influence undermines state institutions, deepens sectarian divisions and creates security vacuums that IS could exploit

Al Majalla - London
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
A general view of the Cairo Citadel overlooking parts of Taiz, Yemen, on 24 May 2022. Reuters
Politics

Taiz: a centre for enlightenment and cultural coexistence

22, Oct 2026

The ancient city is the latest target of a Houthi battle for territory, identity, and the country's future

Anwar Al-Ansi
A worker counts money at a petrol station in Cairo on 26 July 2024, as Egypt’s government announced yesterday a new increase in fuel prices. AHMED HASAN / AFP
Business & Economy

How the Egyptian economy weathered regional turmoil

22, Oct 2026

Saved from default in 2024, Egypt's macroeconomic policies and central bank flexibility have helped steady the ship amid the fallout of Israel's war on Gaza and the US war on Iran

Sharif Mohammad
A supporter wears a T-shirt of opposition presidential candidate Sen. Flavio Bolsonaro during a rally to launch his runoff campaign in Goiania, Brazil, on 6 October 2026. AP Photo/Eraldo Peres
Profiles

Flávio Bolsonaro: Brazil's next president?

18, Oct 2026

Lula's challenger won 47% of the vote in first-round polls. Will he win the run-off, too?

Stefanie Butendieck Hijerra

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OPINIONS

Libya’s maritime deal with Türkiye ruffles feathers in Egypt

Amr Emam
Amr Emam

No end in sight: Trump's bid to end Ukraine war falls flat

Con Coughlin
Con Coughlin

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

Waddah Abu Jamea
Waddah Abu Jamea

Iraq at risk of fragmentation

Al Majalla - London
Al Majalla - London
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