Lebanon devalues official exchange rate by 90%

Lebanon devalues official exchange rate by 90%

Central bank confirms the new official rate of 15,000 pounds per dollar, scrapping the rate of 1,507

Crisis-hit Lebanon adopts new official exchange rate

Lebanon's Central Bank announced, Wednesday, that it has set a new exchange rate for the country's currency, at 15,000 lira against the US dollar, a devaluation of nearly 90 per cent, from the old rat...

Lebanon devalues official exchange rate by 90%

BEIRUT: Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday (Feb 1), weakening it by 90 per cent but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending an

Lebanon devalues official exchange rate by 90 percent

The central bank has confirmed the new official rate of 15,000 pounds per dollar, up from little more than 1,500.

Lebanon's Pound Sees 90% Devaluation With New Official Exchange Rate - The Media Line

Lebanon has shifted its official exchange rate, devaluating […]

Lebanon devalues official exchange rate by 90%

Lebanon's central bank confirms the new official rate of 15,000 pounds per dollar, scrapping the rate of 1,507.5 pounds at which the currency was pegged for decades