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Cryptocurrencies: 28644
Markets: 116584
Market Cap: $2,436,697,908,746     
24h Vol: $109,845,975,901
Bitcoin.com 2023-02-22 06:30:05

Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar

Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents. Lebanese Pound Devaluation According to several local media
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