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The Independent UK
The Independent UK
National
Bassem Mroue

Protests in Lebanon as pound hits new low against dollar

Copyright 2023 The Associated Press. All rights reserved.

Protesters closed down major roads in parts of Lebanon on Tuesday after the Lebanese pound briefly hit a new low amid a historic economic crisis that seemingly has no end in sight.

The Lebanese pound lost more than 15% of its value on Tuesday alone, tanking to more than 140,000 pounds to the dollar. A week ago, the dollar was worth 100,000 pounds.

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