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Lebanon 'following in Venezuela's footsteps'

BEIRUT: In less than 24 hours, Lebanon’s currency dropped in value by over 10,000 Lebanese pounds, with the exchange rate nearing 70,000 to the dollar a plunge that comes at a time when Lebanese were dreading the exchange rate reaching 50,000 to the dollar. Economist Jassem Ajaka told Arab News: “We are following in the footsteps of Venezuela. ....

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