The pain of watching Lebanon’s currency freefall from afar – The National
- Date: 26-Mar-2023
- Source: The National
- Sector:Financial Markets
- Country:Lebanon
The pain of watching Lebanon’s currency freefall from afar – The National
Tucked away inside the cash compartment of my wallet is a single banknote with a face value of 100,000 Lebanese pounds, or lira.
The green paper currency has accompanied me on every flight to Beirut and back over the past year and a half. But with every trip, it has become worth less and less.
This is not a magic trick, nor is it a mind game. The reality is much simpler, and much more disheartening, than that.
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