How Would Breaking Lebanon’s FX Peg Affect the Deteriorating Economy?

lebanon peg deteriorating economy
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...