Search results
Results From The WOW.Com Content Network
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
5 March – Two Hezbollah members and a woman are killed in an IDF raid in Hula in response to the attack on 4 March. [ 16 ] 26 March – The IAF launches airstrikes against Hezbollah targets near the towns of Ras Baalbek and Hermel in Baalbek-Hermel Governorate , killing at least three Hezbollah members.
However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates. [5] On 1 February 2023, the Central Bank reset the currency peg at LL 15,000 per US dollar. [6] By mid-March 2023, the "parallel market" rate had fallen to LL 100,000 per ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Banque du Liban (Arabic: مصرف لبنان; English: Bank of Lebanon) is the central bank of Lebanon. It was established on August 1, 1963, and became fully operational on April 1, 1964. It was established on August 1, 1963, and became fully operational on April 1, 1964.
[63] [64] The USD parallel exchange rate is increasing because of the dollar shortage in Lebanon. [65] In a bid to lower the dollar price, the central bank made an agreement with the licensed exchangers to make the official rates on offer at £L3,860/3,910. [66] However, despite the central bank's efforts, on 23 June 2020, the black market ...
Digital currency can improve the ease of international transactions and help the US dollar remain the world's reserve currency. ... industry will grow from $50 billion today to $650 billion by ...