Lebanon’s dollarization spurs inflation dip below 100%

Cryptopolitan

Lebanon’s dollarization spurs inflation dip below 100%

Lebanon has experienced a remarkable decrease in inflation, dropping to double digits for the first time in nearly four years. This change comes as local businesses increasingly opt to price their goods in U.S. dollars rather than the Lebanese pound. Economic Transformation Amidst Crisis Since the financial collapse in 2020, triggered by Lebanon defaulting on $30 billion in international bonds, the nation’s economy has been in a dire state. This…