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Asharq Al-Awsat
Asharq Al-Awsat
World
Beirut - Ali Zeinddine

Lebanon to Soon Beat Zimbabwe in Highest Inflation Rate

BDL Lebanon Inflation Zimbabwe central bank Asharq AlAwsat Electricity
A Lebanese woman looks at merchandise priced in US dollars in a major supermarket in Beirut. (AP)

A recent move by Lebanon’s Central Bank (BDL) to offer to sell the cash dollar through its platform at the rate of LBP 70,000 has temporarily curbed the rapid collapse of the national currency.

The price margins of cash trading in the parallel markets fell to around LBP 80,000 per dollar, after touching the barrier of LBP 100,000 only minutes before the BDL decision was issued on Wednesday night.

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