Browsing Tag

Lebanese pound

As economy worsens, Lebanese juggle dizzying rates for devalued pound

When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiralling costs of goods now priced at volatile exchange rates that vary by store and…
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Business

The Lebanese pound fell to a record level against the dollar

Today, Tuesday, the exchange rate of the dollar in Lebanon, on the black (parallel) market, touched the threshold of 28 thousand Lebanese pounds, a record decline in the value of the pound since the start of the economic crisis in 2019.…
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