Publisher: Maaal International Media Company
License: 465734
Monday, 5 May 2025
Lebanese pound hits historic low of 100,000 to dollar: dealers
The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike, AFP reported.
The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback, dealers said — a dizzying plunge from 1,507 before the economic crisis hit three years ago.
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