World Bulletin / News Desk
Iran's rial sank about 5 percent in trading against the U.S. dollar on Monday after the central bank said it would change the currency's official exchange rate, prompting fears of another devaluation.
The rial was trading in the free market at around 21,510 per dollar, according to Persian-language currency tracking website Mazanex, down from about 20,440 on Sunday.
Central bank governor Mahmoud Bahmani said on Sunday he would announce a change to the government's "reference rate" of 12,260 rials to the dollar "within the next 10 days", Iranian media reported.
Iranian media speculated that the new reference rate might be between 15,000 and 16,000 rials.
Most Iranians are unable to obtain dollars at the official rate and must instead use the free market, which is much more expensive.
Chrystalla Georghadji takes up her post on April 11, after outgoing governor Panicos Demetriades works out his notice.
The wording on energy dependency was not in an earlier version of the document circulated before Russian forces seized Crimea
India, with the increases already made in the January-March loading plans from Iran, has to cut its purchases of the crude
Eurozone finance ministers give green light to release 150 million euros for the Greek Cypriot administration.
"Sugar consumption that dated back to the BC epoch found its way into Ethiopian households only lately; people had to be convinced," Zemedkun Tekle, communications director at the state-run Ethiopian Sugar Corporation, said.
The agreement is the first Canada has concluded with a nation from Asia, a fast-growing part of the world that Ottawa is deliberately targeting.
While Europe lacks immediate alternatives to replace Russian supplies, long-term efforts are in place to reduce Moscow's dominance in the sector. Russia pushes on with gas pipeline despite EU delay
Pakistan will give India Most Favored Nation status by the end of March.
"Germany's dependence on Russian gas may effectively decrease Europe's sovereignty. I have no doubts about that," Polish PM Tusk said
EU member Bulgaria has started preliminary works on the pipeline on its territory, but has repeatedly said its operation should be in line with EU rules
Japan posted a current account deficit of 1.58 trillion yen (US$15 billion) for January.
The Asia-Pacific would be left with more than half a billion chronically hungry people even if the region meets its millennium development goal
The Visegrad 4 group including Poland, the Czech Republic, Hungary and Slovakia is looking to diversify supplies
Nick Letchford, managing director of the group that owns the Old Shoreditch Station cafe, decided to install the machine after noticing the popularity of bitcoins among his customers working nearby in the digital industries.
Varying degrees of drought are hitting almost two thirds of the limited arable land across Syria, Lebanon, Jordan, the Palestinian territories and Iraq.