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Lebanon sets new exchange rate, dramatically devalues pound

Por: ABC News Business February 01, 2023

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BEIRUT -- Three years into a crippling financial crisis, Lebanon's Central Bank on Wednesday set a new exchange rate that effectively devalued the country's currency by 90% but did little to bridge the gap with the soaring black market rate.The dramatic measure is meant to stabilize the free-falling Lebanese pound and eliminate the multiple exchange rates that currently exist, a key demand of the International Monetary Fund for a... + full article



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