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      Home page>ECONOMY>Levant>Lebanese pound sinks to ...
      CURRENCIES

      Lebanese pound sinks to record low of 50,000 pounds to U.S dollar

      Reuters Images/Mohamed Azakir
      Reuters Images/Mohamed Azakir
      Reuters Images/Mohamed Azakir

      The pound was pegged to the dollar at a rate of 1,507 in 1993, a peg that held until 2019, when decades of profligate spending, mismanagement and corruption triggered a financial crisis 

      Timour Azhari, Reuters News
      January 19, 2023
      ECONOMYFOREXLEBANONMIDDLE EASTCURRENCIES
      PHOTO

      Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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