Global Mobility News: The Currency of Housing in Almaty, Kazakhstan

[fa icon="calendar'] Feb 08, 2017 @ 08:27 AM / by Eugene Kobiako

 

Rents in Almaty are now surveyed in the local currency, KZT. Asking rents are down in KZT and USD for six and 12 months. The KZT has devalued due to a drop in gas and oil prices, a major source of income for Kazakhstan’s economy.

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Global Mobility News: Nigeria Naira Exchange Rate Options

[fa icon="calendar'] Jan 23, 2017 @ 03:52 PM / by Lauren Basler

 

Due to pressures on external reserves and a foreign exchange supply crisis driven mostly by low oil prices, the Central Bank of Nigeria abandoned its fixed rate policy on June 20, 2016.

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Hyperinflation Nation: Venezuela has Recalled its 100-Bolivar Note

[fa icon="calendar'] Dec 16, 2016 @ 02:32 PM / by Morgan Grenier

 

This has been a year of economic upsets and surprises around the globe. On the heels of India’s demonetization of five-hundred and one-thousand-rupee notes, Venezuela has recalled its one-hundred-bolivar note, previously their highest denomination bill.

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Currency Devaluations and Cross-Border Assignments

[fa icon="calendar'] Nov 18, 2016 @ 09:45 AM / by Gerald Abbey

 

2016 has been a year of currency turmoil!

Dramatic currency fluctuations can pose some immediate and practical problems for mobility practitioners responsible for managing compensation arrangements for cross-border assignees.

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Currency Bombshell: India voids notes

[fa icon="calendar'] Nov 09, 2016 @ 01:06 PM / by Morgan Grenier

 

Shocking the country, PM Narendra Modi announced that Rs 500 and 1000 bills are void and unable to be used legally as tender for commerce as of November 9, 2016.

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