Crisis-hit Lebanese pound falls to new low of 10,000 to the dollar

© Reuters. Lebanese pound banknotes are seen at a currency exchange shop in Beirut BEIRUT (Reuters) – Lebanon’s pound tumbled on Tuesday towards 10,000 to the dollar, a record low for a currency battered by a financial meltdown that has fuelled poverty and unrest. The collapse, on a scale Lebanon has never seen, has slashed […]

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Lebanese prosecutor questions central bank governor after Swiss request, source says

© Reuters. FILE PHOTO: Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut BEIRUT (Reuters) – Lebanese Central Bank Governor Riad Salameh has answered questions from Lebanon’s public prosecutor based on a Swiss request, a senior judicial source told Reuters on Thursday. The source said Salameh decided to […]

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Lebanese central bank sets 3,900 pound/dollar rate for essential food industries

© Reuters. FILE PHOTO: A man counts U.S. dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut BEIRUT (Reuters) – The Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of essential food items, it said on Monday. […]

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Lebanese central bank to inject dollars to stop pound’s slide

2/2 © Reuters. Lebanon’s President Michel Aoun meets with Lebanese political leaders to present the plan aimed at steering the country out of a financial crisis, at the presidential palace in Baabda 2/2 By Eric Knecht and Tom Perry BEIRUT (Reuters) – Lebanon’s central bank will begin injecting dollars into the market on Monday, President […]

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