Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar
The Lebanese pound’s fall to its lowest ever versus the U.S. greenback, 80,000 to 1, has piled extra distress on residents whose native currency-denominated financial...
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
As political leaders in crisis-hit Lebanon bicker over positions within the yet-to-be-formed authorities, the nation’s runaway inflation charge surged to 211% in May 2022, new...
Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low
After relative calm for just a few months, the Lebanese pound has plunged to an all-time low of 35,600 per greenback, a report has mentioned....
Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion
The Lebanese authorities is reportedly planning to devalue the native foreign money by as much as 93% in a determined bid to obtain funding from...