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Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The official rate was increased by a multiple of 9.95 on 1 February 2023 as per decision of the central bank to reach LL 15,000 per USD. [27] Lebanon's Central Bank's "Sayrafa" rate = LL 86,400 (May 2023). [28] The Sayrafa rate is the rate the central bank redeems international credit and debit card payments.
The U.S. and the United Arab Emirates have discussed with each other the possibility of lifting sanctions on Syrian President Bashar al-Assad if he peels himself away from Iran and cuts off ...
BEIRUT (Reuters) -Lebanon's parliament will try to elect a president on Thursday, with officials seeing better chances of success in a political landscape shaken by Israel's war with Hezbollah and ...
During a television interview with Al Manar on 28 June, Lebanon's Interior Minister, Mohamed Fahmi, acknowledged killing two people during the 15-year civil war in Lebanon. [421] Fahmi claimed that he was protected by the current President Michel Aoun who was then a senior officer in the army.
Israel released video of its tanks rolling into the neighboring country, the first Israeli invasion of Lebanon in 18 years. Smaller incursions by Israeli special forces have been taking place ...
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.