Lebanese
The Lebanese pound on Monday dropped to a historic low against the US dollar on the parallel, or black, market. Elnashra news reported that $1 could buy 39,000 Lebanese pounds. This is 6.6% lower than the previous record exchange rate of 36,600 pounds to the dollar, reached on September 13. Mounir Younes, an economist and […]
Shortage of subsidised bread compounds economic hardship Problem fuelled by Ukraine war, Lebanon’s financial crisis ‘We can’t live in our country’ -man stuck in bread line BEIRUT, July 28 (Reuters) – Mohamed Abu Khodr had . . .
Worry, fear, concern. These are the words that come to mind when news networks announce higher inflation is expected. The annual inflation rate for the U.S peaked at 7.9% for the 12 months ending in February, a 39-year high for the country. People living their everyday lives usually won’t notice this inflation if their nominal […]
Lebanon’s former Major General Jamil al-Sayyed looks on in the court room at the special international tribunal for Lebanon in Leidschendam January 14, 2011. REUTERS/Jerry Lampen/File Photo BEIRUT, Oct 28 (Reuters) – The U.S. Treasury on Thursday imposed sanctions on two top Lebanese contractors and a lawmaker close to the Hezbollah movement over alleged large-scale […]
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