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Pope Francis says 'no to war,' urges climate action in livestreamed chat with Bill Clinton – Catholic World Report

Former President Bill Clinton and Pope Francis have a virtual conversation during the Clinton Global Initiative meeting at the Hilton Midtown on Sept. 18, 2023, in New York City. / Credit: Michael M. Santiago/Getty Images Washington, D.C. Newsr...
United States Bishopa Elias Zaidan Bishop Davidj Malloy Bishop Abdallah Elias Zaidan Los Angeles Committee On International Justice

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'Economic massacre': Lebanon dollarizes economy as pound plunges

BEIRUT: Escalating political confusion sent the Lebanese pound plummeting to a new low on the black market, trading at 90,000 pounds to the dollar on Wednesday. The latest plunge in the local currency means the exchange rate is more than 60 times lower than the base rate of 1,500 LBP/USD that has been in place for the past three years. Amid warnings of looming economic chaos,
Ashraf Rifi Jassem Ajaka Hani Bohsali International Monetary Fund Food Importers Syndicate Council Of Maronite Bishops

Lebanese currency reaches record-low value

BEIRUT: After being pegged at 1,505 pounds to the US dollar 25 years ago, the Lebanese pound’s official exchange rate changed to 15,000 pounds to the dollar as of Wednesday. The previous exchange rate lasted from 1998 until 2019, when the financial crisis erupted and the Lebanese currency began to gradually collapse, losing about 97 percent of its value by 2023. The Lebanese
Michel Moussa Bashar Assad Suleiman Frangieh Joseph Aoun Parliamentary Development Council Of Maronite Bishops

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