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.
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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.
The leader of Hezbollah movement, Seyyed Hassan Nasrallah, urged the Lebanese parliament to elect a new president, declaring the movement’s support for former president Suleiman Franjieh as their candidate.
The United Nations is bracing for a further increase in the number of refugees this year, as last month’s earthquake in Turkey and Syria adds to a series of crises.
Albertans who have ties to Turkey and Lebanon are hoping their loved ones are safe following two massive earthquakes and at least 20 aftershocks Monday morning.
See where the earthquakes caused major damage across dozens of cities.
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…
Sudden restart of investigation sets off developments leaving doubts justice for victims will be deliveredMore than two years since the huge explosion that levelled Beirut’s port and horrified the world, a blazing row has broken out that has seen Leban…
The judge investigating the 2020 Beirut port explosion has charged Lebanon’s then-Prime Minister, Hassan Diab, and two former ministers with homicide with probable intent, according to a court summons seen by the Reuters news agency.