lebanese pound – Miami Crypto Coin

Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar

Post author:MiamiCrypto
Post published:February 22, 2023
Post category:capital control Digital Currency Economics IMF lebanese pound lebanon crisis Withdrawal Freeze

The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation.…

Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board

Post author:MiamiCrypto
Post published:June 26, 2022
Post category:Currency Board Economics Exchange rate Hyperinflation imf bailout inflation Johns Hopkins University lebanese pound lebanon crisis parallel market Steve Hanke

As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve…

Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low

Post author:MiamiCrypto
Post published:May 31, 2022
Post category:Black market exchange rate Economics global inflation imf bailout lebanese pound lebanon currency crash lebanon financial crisis Mark Daou Michel Kozah

After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected…

Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion

Post author:MiamiCrypto
Post published:February 9, 2022
Post category:Central Bank currency black market Devaluation Economics Exchange rate foreign currency IMF lebanese pound lebanon financial crisis

The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part…