Lebanese pound crashes to 50,000 against the dollar ...Kuwait

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Lebanese pound crashes to 50,000 against the dollar
The Lebanese pound crashed to a record low on Thursday, trading at over 50,000 to the US dollar.  The price of dollars on the Lebanese black market reached 50,100 LBP - having an immediate knock-on effect on the price of basic goods and necessities, many of which are purchased in dollars in Lebanon.  The population typically relies on black-market currency values. Lebanon's economy has been in free fall for three years, with the pound nosediving and the vast majority of the population now plunged into poverty. Fuel prices spiked on Thursday with petrol, diesel, and gas hitting unprecedented highs, adding to the financial woes of the Lebanese population, who are strug

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