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Lebanon's national currency, the Lebanese pound is pegged to the US dollar at £L15,000 to US$1. This fixed rate has been unstable due to the depreciating value of the pound in the black market. According to reports, the pound was trading at £L8,100 to US$1 in 2019 on the black market.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
The lira or pound [a] is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
The British pound has rallied a bit during the course of the trading session on Thursday as we have recaptured the 1.37 level. That being said, the market certainly looks as if it is going to be ...
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 ...
The British pound initially tried to rally during the Independence Day holiday trading but has given back the gains. This shows a continued weakness in the British pound that suggests that we ...
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 British pound initially dipped lower to kick off the week but turned around to reach towards the 1.24 level by the time the Americans came on board. Because of this, it looks like we are still ...