lebanon financial crisis – Miami Crypto Coin

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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…