How Would Breaking Lebanon’s FX Peg Affect the Deteriorating Economy?
- Date: 31-Oct-2019
- Source: Al Bawaba
- Sector:Financial Markets
- Country:Lebanon
How Would Breaking Lebanon’s FX Peg Affect the Deteriorating Economy?
Lebanon's political and banking crisis has put growing pressure on its 22-year-old currency peg to the US dollar and foreign funds fear a devaluation now could be disastrous for a country with one of the world's biggest foreign debt burdens...