Lebanon Records A New Hike In The Exchange Rate, Here’s What We Know
- Date: 24-May-2022
- Source: The961
- Sector:Financial Markets
- Country:Lebanon
Lebanon Records A New Hike In The Exchange Rate, Here’s What We Know
As Lebanon’s elections were concluding on Sunday, May 15th, the LBP to Dollar exchange rate started witnessing a rapid deterioration, reaching a new record number of LBP 34,000. There are many reasons being attributed to this, some of them are directly tied to Riad Salameh the Governor of the Central Bank (BDL), while others are tied to Prime Minister Najib Mikati and the resigning cabinet. The end of the Parliamentary Elections is believed to be a contributing factor for one, […]
The post Lebanon Records A New Hike In The Exchange Rate, Here’s What We Know appeared first on 961.
As Lebanon’s elections were concluding on Sunday, May 15th, the LBP to Dollar exchange rate started witnessing a rapid deterioration, reaching a new record number of LBP 34,000. There are many reasons being attributed to this, some of them are directly tied to Riad Salameh the Governor of the Central Bank (BDL), while others are tied to Prime Minister Najib Mikati and the resigning cabinet. The end of the Parliamentary Elections is believed to be a contributing factor for one, […]
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