Dramatic Slide of Lebanese Lira Continues as Banks Likely to Reconsider Full Closure

The Lebanese Lira’s value continues to plummet relentlessly against the US dollar, exacerbating the country’s economic crisis and plunging many Lebanese citizens into deep financial distress. The Lebanese Lira dropped to a record low, trading at 73,500 LBP per USD on the black market by Tuesday afternoon, exchange dealers reported. ...