Lebanese activists launch mock ‘lollar’ currency
- Date: 13-May-2022
- Source: Al-Monitor
- Sector:Financial Markets
- Country:Lebanon
Lebanese activists launch mock ‘lollar’ currency
Lebanese activists Friday rolled out mock banknotes featuring paintings of a gutted central bank or the Beirut port explosion to denounce high-level corruption that has helped to wreck the country.
The collapse of the Lebanese pound and frozen bank accounts have left Lebanon with a confusing currency system, with a multitude of exchange rates applying to various situations in daily life.
The dollars stuck in accounts that citizens can only withdraw in Lebanese pounds at a fraction of their original value are known locally as "lollars".