Business & Economy

Lebanese lira records historical level

The Lebanese lira has registered a new historical decline in its value against the United States dollar, driven by the collapse of the economy, corruption, government failures and political attractions.
Today, the United States dollar is $31,000, the first time the dollar has reached this limit.
The purchasing power of Lebanese citizens has declined significantly since the start of the economic crisis at the end of 2019, when the dollar rate was 1,500 Lebanese pounds, prompting many citizens to migrate.

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