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90 percent of its value
- It is closing like a vise on families whose money has plummeted in value while the cost of nearly everything has skyrocketed. Since fall 2019, the Lebanese pound has lost 90 percent of its value, and annual inflation in 2020 was 84.9 percent.
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Feb 1, 2023 · Lebanon has devalued its currency by 90 per cent as it seeks to address a deep economic crisis, in a move that still leaves the pound far above its parallel black market rate.
Mar 14, 2023 · The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback, dealers said on Tuesday – a dizzying plunge from 1,507 before the economic crisis...
Jan 31, 2023 · Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate...
Feb 1, 2023 · Lebanon has devalued its official exchange rate for the first time in 25 years, weakening it by 90 percent but still leaving the local currency well below its market value.
Jan 11, 2022 · BEIRUT, Jan 11 (Reuters) - Lebanon's currency has lost more than 15% of its value since the start of the year, piling further pressure on the population more than two years into a crisis...
Feb 1, 2023 · Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.
May 26, 2022 · Beirut, Lebanon – The black market value of the Lebanese pound has fallen to an all-time low of 35,600 against the US dollar, a drop from 26,800 in the space of just two weeks, and a sign that...
