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الوكالة الوطنية للإعلامNNA - The Council of the Maronite Bishops on Wednesday voiced concerns over the fresh tensions that erupted between the Palestinian factions at the refugee camp of Ain-el-Hilweh in Saida

الوكالة الوطنية للإعلامNNA - The Council of the Maronite Bishops on Wednesday voiced concerns over the fresh tensions that erupted between the Palestinian factions at the refugee camp of Ain-el-Hilweh in Saida

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,

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

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