Top 10 Most Depreciated Currencies vs. US Dollar in H1 2025
A number of emerging and frontier market currencies recorded steep losses against the U.S. dollar in the first half of 2025, with Venezuela and several African nations at the forefront of global currency depreciation.
According to the latest figures, the Venezuelan bolívar topped the list, plummeting by a staggering 51%.
Meanwhile, the South Sudanese pound dropped by 15%, followed by the Burundian franc (13%), Nigerian naira (11%), and Tunisian dinar (9%).
In the first half of 2025, the Venezuelan bolívar suffered the sharpest depreciation against the U.S. dollar, plunging by a staggering 51%, amid the country's continued economic crisis.
Two other currencies — the South Sudanese pound and the Argentine peso — followed with a steep decline of 15% each, reflecting deepening fiscal and inflationary challenges.
The Turkish lira also experienced significant pressure, weakening by 13%, while the Libyan dinar fell by 9%, driven by political and monetary instability.
Among sub-Saharan African currencies, the Tanzanian shilling and the Liberian dollar each dropped by 8%, placing them among the most devalued currencies globally. The Surinamese dollar declined by 7%, while the Ethiopian birr and the Rwandan franc recorded smaller but notable declines of 6% and 5%, respectively.
These currency losses underscore the growing vulnerabilities of emerging and frontier markets, particularly in the face of global financial tightening, rising inflation, and mounting debt obligations.
As the U.S. dollar remains relatively strong, these economies continue to struggle with capital outflows, limited foreign reserves, and fragile investor confidence.
Top 10 Most Devalued Currencies vs. U.S. Dollar – H1 2025
| Rank | Currency | Decline (%) |
| 1 | Venezuelan Bolívar | –51% |
| 2 | South Sudanese Pound | –15% |
| 3 | Argentine Peso | –15% |
| 4 | Turkish Lira | –13% |
| 5 | Libyan Dinar | –9% |
| 6 | Tanzanian Shilling | –8% |
| 6 | Liberian Dollar | –8% |
| 8 | Surinamese Dollar | –7% |
| 9 | Ethiopian Birr| –6% |
| 10 | Rwandan Franc | –5% |
These declines reflect a combination of high inflation, currency instability, debt pressures, and political uncertainty in many of the affected countries. With global interest rates elevated and U.S. dollar strength persisting, several emerging market currencies remain under pressure.
In particular, African currencies dominate the list, highlighting structural economic vulnerabilities and the urgency of reform and stabilization efforts in the region.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
News
Flights suspended at Port Sudan Airport after Drone Attacks
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
China Responds to EU Ban with Restrictions on Medical Device Imports
Taarek Refaat In an escalating trade dispute, China has announced new restrictions on the purchase of medical devices from the European Union, signaling a retaliatory move against EU sanctions imposed last month. The new measures, which will impact government purchases of medical devices valued at over 45 million yuan (approximately $6.3 million), come amid heightened tensions between the two economic giants. The Chinese Ministry of Finance made the announcement on Sunday, confirming that these restrictions would apply to the import of medical devices, including those with over 50% European-made components. The move follows the European Commission's decision in June to block Chinese companies from participating in public tenders for medical equipment worth nearly €60 billion ($70 billion) annually. The EU's ban on Chinese companies, implemented through the EU's international procurement mechanism which took effect in 2022, was designed to promote reciprocal access to markets. This mechanism aims to ensure that the European Union enjoys equal access to foreign public procurement markets, particularly with countries that impose restrictions on EU businesses. At the heart of this policy shift was the desire for fairness in international trade, a sentiment echoed by European officials at the time. However, the move quickly drew ire from Beijing, which saw it as a violation of the principles of open market access. In a separate statement, China's Ministry of Commerce expressed regret over the escalating conflict, stating, 'Despite China's goodwill and flexibility, the European Union insisted on imposing new restrictions and erecting protective barriers.' The ministry also emphasized that the Chinese government had 'no choice but to adopt similar measures in retaliation.' China's response underscores the growing economic rivalry between the two entities, as trade disputes between them intensify. This marks the latest in a series of retaliatory measures that Beijing has taken against European sanctions, particularly in the wake of EU tariffs on Chinese electric vehicles. The Chinese Ministry of Finance further elaborated on the scope of the new restrictions, revealing that they would extend to medical devices imported from other countries, provided that more than 50% of their components are of European origin. The new regulations are set to take effect immediately. However, Beijing clarified that medical products manufactured by European companies within China would be exempt from these measures, reflecting China's ongoing efforts to balance trade retaliation with its role as a global manufacturing hub. In a parallel move, China imposed additional tariffs of up to 34.9% on European brandy, particularly targeting French cognac, for a period of five years. This action is widely seen as another retaliatory gesture in response to the EU's electric vehicle tariffs. However, several major European liquor companies, including Pernod Ricard, LVMH, and Rémy Cointreau, have managed to avoid these tariffs by agreeing to sell their products at undisclosed lower prices, according to Chinese authorities. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Putin at BRICS Summit: Time to Bolster Use of National Currencies
Taarek Refaat In a virtual address during the BRICS summit in Brazil, Russian President Vladimir Putin delivered a powerful political and economic message, urging member states to move beyond the existing global economic model and to strengthen cooperation, particularly through the use of national currencies in international trade, instead of relying on the U.S. dollar. Putin asserted that the liberal globalization model, which dominated the global economic landscape for decades, is no longer aligned with current realities. He argued that this system had served the interests of a 'narrow elite of Western countries' and is now 'outdated.' A Call for National Currencies in Trade In his remarks, Putin emphasized the need for BRICS nations to bolster the use of their respective national currencies in trade and investment. This shift, he explained, would reduce dependence on the dollar and the Western-dominated financial system. 'This is not an attack against any specific entity,' Putin clarified, adding that it reflects 'the right of countries to build a more just and multipolar global financial system.' The move comes as Russia continues to face extensive Western sanctions, including the freezing of its foreign currency reserves and the exclusion of several Russian banks from the SWIFT global payment system, following its invasion of Ukraine. BRICS: A Growing Force in Global Economic Power Putin framed BRICS — now expanded to include countries such as the UAE, Iran, and Egypt — as a powerful force capable of reshaping global economic power dynamics. He called for a "new structure for international economic cooperation," one that would better represent the Global South. 'By strengthening partnerships in energy, technology, trade, and infrastructure, BRICS can become one of the pillars of the new multipolar world order,' Putin remarked. He further noted that the BRICS group represents a third of the world's landmass, nearly half of the global population, and 40% of the world economy, with a combined GDP of \$77 trillion. Although Putin was physically absent from the summit due to an international arrest warrant issued by the International Criminal Court (ICC), his video address carried significant weight at a time of escalating tensions between the East and West. BRICS countries are intensifying their efforts to counterbalance global institutions like the International Monetary Fund (IMF) and the World Bank, which are often seen as dominated by Western powers. Putin's remarks echoed similar calls for reform from other BRICS leaders, including South African President Cyril Ramaphosa and Brazilian President Luiz Inácio Lula da Silva. Both leaders stressed the importance of reshaping global governance systems and enhancing the influence of the Global South in international decision-making processes. As BRICS expands and gains momentum, the summit serves as a pivotal moment for the bloc's collective efforts to challenge the existing economic order. With Western sanctions continuing to isolate Russia and China's growing assertiveness on the global stage, BRICS countries appear determined to carve out a space where they can pursue shared interests without the constraints imposed by Western-dominated institutions. Looking ahead, the BRICS bloc seems poised to strengthen its efforts in areas such as digital currency development, multilateral trade, and infrastructural cooperation. The ability to diversify away from traditional Western financial systems could become an increasingly important factor in BRICS' evolution into a central player in global economic governance. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Daily News Egypt
5 hours ago
- Daily News Egypt
CBE hosts regional training on stress testing for COMESA central banks
In line with presidential directives to strengthen Egyptian-African integration, and as part of its ongoing cooperation with the COMESA Monetary Institute (CMI), the Central Bank of Egypt (CBE) hosted a five-day training programme on 'Micro and Macro Stress Testing for Central Banks.' The sessions were held at the Egyptian Banking Institute (EBI) in Cairo. The programme reaffirmed the CBE's pioneering role in promoting financial integration across African central banks. It brought together 28 participants from 11 COMESA member states, along with a delegation from the CMI. The sessions featured in-depth discussions, case studies, and practical applications of stress testing models used to assess credit risk, liquidity, climate change, and interbank contagion risks. Naglaa Nozahie, Advisor to the Governor for African Affairs, stressed the importance of such initiatives in enhancing the crisis management and systemic risk assessment capabilities of African central banks. She reaffirmed the CBE's commitment to capacity building and collaboration across the continent—particularly within the COMESA region—highlighting that this marks the twelfth consecutive year the CBE has provided training for COMESA central banks. Dr. Ahmed Sahloul, Assistant Sub-Governor for the Macroprudential Sector at the CBE, underlined the value of stress testing in evaluating the impact of macro-financial and geopolitical shocks on banking sector resilience. He noted that such tools are increasingly vital for assessing emerging risks, including those related to climate change and cybersecurity. Stress test results, he added, offer crucial insights that guide policymakers in enhancing financial stability and ensuring robust financial intermediation. Lucas Njoroge, Director of the COMESA Monetary Institute, expressed appreciation for the CBE's sustained efforts in supporting the capacity-building agenda for central banks in the region. He also voiced optimism for further collaboration between the CBE and CMI in the years ahead. The programme, led by experts from the CBE's Offsite Supervision and Macroprudential sectors, featured interactive sessions that encouraged the exchange of technical expertise and peer learning among participants. These engagements focused on addressing current challenges and devising practical applications of stress testing frameworks within central banks. At the programme's conclusion, participants formulated a set of proposals and recommendations aimed at deepening the integration of stress testing into central banking operations across COMESA. These recommendations will be presented for discussion during the annual meeting of COMESA central bank governors, scheduled to take place in Uganda in November 2025.
