The Lebanese pound has lost as much as 98 percent in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what's seen as a nearly useless currency.
The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as
<div class="at-above-post addthis tool" data-url="https://www.metro.us/lebanon-adopts-dollarization-as-currency-economy-crumble/"></div>BEIRUT (AP) When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help him manage a bustling business. Those days are over. Bazazo now […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/lebanon-adopts-dollarization-as-currency-econ
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities