Lebanon’s national currency reached an all-time low of 100,000 to the US Dollar on Tuesday, as banks resumed their open-ended strike in protest at a succession of judicial decisions against the embattled financial sector. The Lebanese pound is now trading at 100,000 to one US dollar on the parallel market, ...
A prominent economist warned on Monday that closure of banks across Lebanon will lead to more drop in the Lebanese pound against the US dollar in the black market. Talking to Al-Manar, Full Professor and Researcher of Physics & Economics at the Lebanese University DR. Jassem Ajaka stressed that the ...
