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Lebanese pound hits all-time low as deadlock persists

Por: Associated Press Politics January 19, 2023

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BEIRUT (AP) — The value of the Lebanese pound hit an all-time low Thursday, trading at 50,000 to the U.S. dollar, as the country’s deeply-divided parliament failed to elect a president for an 11th time. The cash-strapped country’s national currency, once valued at 1,500 to the dollar, has been tanking since late 2019 and has since lost over 90% of its value. The financial crisis has plunged three-quarters of the population into poverty,... + full article



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