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In August 2019, due to the increasing supply of Lebanese pounds in the economy, pressure on the fixed exchange rate with the US dollar started, creating a parallel market rate. [citation needed] In March 2021, the free market rate in Beirut was LL 10,000 = USD1.00 [13] By July 2021, it was around LL 24,000 to the dollar. [14]
The IMM dates are the four quarterly dates of each year which certain money market and Foreign Exchange futures contracts and option contracts use as their scheduled maturity date or termination date. The dates are the third Wednesday of March, June, September and December (i.e., between the 15th and 21st, whichever such day is a Wednesday).
The current figure surpasses IMF's last forecast of 12% crash in GDP because of the ongoing and increasing economic and political crisis in Lebanon. [ 78 ] In March 2021, Lebanon approved an emergency assistance package from the World Bank worth $246 million in order to support struggling families and strengthen the social safety and try to ...
The Dollar Index retreated from a three-week high with prices trading around 97.10 as of writing. Although the Index remains bullish on the daily charts, bears can still make a return if prices ...
The British pound has rallied significantly during the course of the early hours on Monday but is starting to give up gains at the first signs of resistance. GBP/USD Price Forecast – British ...
The British pound has pulled back just a bit during the course of the trading session on Wednesday, as the 200 day EMA looks as if it is holding the market back down. GBP/USD Price Forecast ...
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.
The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (or interbank market).