Search results
People also ask
What happened to the Lebanese pound?
What is the Lebanese pound?
Why has Lebanon devalued its pound?
Why is the pound changing hands in Lebanese?
Jan 31, 2023 · BEIRUT, Jan 31 (Reuters) - 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...
- Lebanon devalues official exchange rate by 90% | Reuters
The pound has crashed since a financial meltdown in 2019...
- Lebanon's currency plummets again amid financial crisis and ...
The Lebanese pound, which has lost more than 90% of its...
- Lebanon devalues official exchange rate by 90% | Reuters
Feb 1, 2023 · The Banque du Liban said on Wednesday that it was setting the Lebanese pound, pegged at a fixed rate of L£1,507 to the dollar since 1997, at a new rate of L£15,000.
Feb 1, 2023 · Withdrawals in Lebanese pounds from hard currency accounts at the new official rate will still suffer a de facto haircut of 75 percent based on Wednesday’s market rate.
Mar 14, 2023 · The Lebanese pound has sunk to a historic low against the US dollar on the country’s parallel market, the latest sombre milestone in an economic meltdown that has plunged much of the population...
Feb 1, 2023 · The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the ruling elite in Lebanon which has left the crisis to fester...
Feb 1, 2023 · BEIRUT (AP) — Three years into a crippling financial crisis, Lebanon’s Central Bank on Wednesday set a new exchange rate that effectively devalued the country’s currency by 90% but did little to bridge the gap with the soaring black market rate.
Jan 11, 2022 · The Lebanese pound, which has lost more than 90% of its value since 2019, was trading at a new low of more than 33,000 to the dollar on Tuesday from 27,400 on Dec. 31.
