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Central Bank Governor Riad Salameh governor once again ruled out a break in the long-standing peg on Monday, saying the government had the means to maintain it.
October 31st, 2019 - 06:42 GMT

How Would Breaking Lebanon's FX Peg Affect the Deteriorating Economy?

Lebanon’s political and banking crisis has put growing pressure on its 22-year-old currency peg to the US dollar and foreign funds fear a devaluation now could be disastrous for a country with one of the world’s biggest foreign debt burdens. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The risk of devaluation has risen as Lebanon grapples with its most severe economic pressures since the 1975-90 civil war, with widespread ...
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Al Bawaba
October 2nd, 2014 - 03:02 GMT

Our own Sisi-meter: how's Sisi's economic performance a 100 days in office?

Al Bawaba News

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