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The dollar exchange rate on Lebanon’s black market was expected to continue its fall in the wake of measures announced by central bank Gov. Riad Salameh on Friday, a senior banker said. The banker expects the exchange rate to drop…
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Aug. 15 marks the 50th anniversary of Bretton Woods and the end of the gold standard, which pegged all currencies to the yellow metal. That ushered in the era of fiat currencies, whereby their value was pegged not to gold but to each…
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