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Roundup: Customs rate hike without countermeasures may have huge impact for crisis-hit Lebanon, say experts

BEIRUT, Jan. 15 (Xinhua) -- Since Lebanon raised the customs exchange rate by tenfold from the long-standing 1,507.5 Lebanese pounds against one U.S. dollar to 15,000 pounds on Dec. 1, 2022, experts have warned of huge repercussions for the nation in the absence of necessary countermeasures.
Patrick Mardini Bilal Alameh Ayman Omar International Monetary Fund University For Business Lebanese Institute For Market

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