The longstanding cost-of-living partnership between inflation and exchange rates, whereby one offsets the other, appears to be breaking down amid the global price surge.
Lebanon devalues exchange rate for bank withdrawals, while Turkey fails to stop the lira's slide. All this and more in our monthly round-up of currency news.
Find out how ECA's Location Ratings have changed in response to the Covid-19 pandemic, and how this could affect location allowances for assignees.