Lebanon’s currency hits record low

The Lebanese pound has sunk to a historic low against the US dollar on the country’s parallel market. It’s the latest sombre milestone in an economic meltdown that has plunged much of the population into poverty.

March 14, 2023
Read More >>

Lebanon Devalues Its Currency By 90%

The Lebanese pound has crashed since a financial meltdown in 2019 [File: Mohamed Azakir/Reuters]  Reuters: Lebanon to devalue currency by 90% on Feb. 1, central bank chief says BEIRUT (Reuters) -Lebanon will adopt a new official exchange rat…

February 1, 2023
Read More >>