Lebanese currency reaches record-low value ...Saudi Arabia

Wed, 2023-02-01 19:18 BEIRUT: After being pegged at 1,505 pounds to the US dollar 25 years ago, the Lebanese pound’s official exchange rate changed to 15,000 pounds to the dollar as of Wednesday. The previous exchange rate lasted from 1998 until 2019, when the financial crisis erupted and the Lebanese currency began to gradually collapse, losing about 97 percent of its value by 2023.Main category: Middle-East

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