• Lebanon currency hits record low as multiple crises worsen

    1 month ago - By Stl Today

    BEIRUT - The Lebanese pound hit a record low against the dollar on the black market on Tuesday, a sign of the country's multiple crises deepening with no prospects for a new Cabinet in the near future.
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  • Lebanon currency hits record low as country's crises worsen

    Lebanon currency hits record low as country's crises worsen

    1 month ago - By Chron

    BEIRUT - The Lebanese pound hit a record low against the dollar on the black market on Tuesday as the country's political crisis deepens with no prospects of new Cabinet in the near future and foreign currency reserves dwindle further.
    The dollar was trading at 9,975 Lebanese pounds around noon Tuesday. The previous record was registered in July, when the dollar briefly sold for 9,900 pounds on the black market. The official price remains 1,520 pounds to the dollar.
    Lebanon has been hammered by one crisis after another, starting with the outbreak of anti-government protests against the...
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