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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Lebanese Pound Hits Record Low of 100,000 to the Dollar

Nabih Berri Lebanon Suleiman Franjieh United States
Lebanese pound sinks to a record low against the dollar on the parallel market Tuesday - Reuters.

The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest somber milestone in an economic meltdown that started in 2019.

Officially pegged at 15,000 to the dollar, the Lebanese pound was trading at 100,000 against the greenback.

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