The Lebanese, Egyptian, and Iranian currencies have had tough starts to 2023, coming in as some of the worst performing in the world this year. The Lebanese pound was dead last, with Iran's rial fifth from the bottom, and the Egyptian pound sixth, business broadcaster CNBC reported. Lebanon's currency has nosedived by 70 percent from January to March, with the Egyptian pound down nearly 20 percent versus the US dollar. Egypt's currency had already dropped in value by over 50 percent last year. Johns Hopkins University applied economics professor Steve Hanke described the "sharp declines" as "nothing new". "All three currencies are plagued by serious endemic problems
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