Lebanon Fences Off More of Its Economy Against Currency Crisis

  • Date: 11-Jul-2020
  • Source: Bloomberg
  • Sector:Economy
  • Country:Lebanon
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Lebanon Fences Off More of Its Economy Against Currency Crisis

Lebanon is seeking to protect more of its economy from the dramatic depreciation in the local currency, fixing a subsidized exchange rate for imported food after deeming a wholesale abandonment of the decades-old peg too costly for now.