Lebanese pound resumes retreat, nears record low
The Lebanese pound resumed its downward trajectory Thursday, trading at LL15,200 against the dollar on the black market.
The Lebanese pound resumed its downward trajectory Thursday, trading at LL15,200 against the dollar on the black market.
Lebanon’s banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff, watching loan books shrink and chasing liquidity to stay afloat.
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