Lebanon pound hits historic low of 100K to dollar
Mar 15, 2023
Beirut[Lebanon], March 15: The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest somber milestone in an economic meltdown that has plunged most of the population into poverty. Officially pegged at 15,000 to the dollar, the pound was trading at 100,000 against the greenback, dealers said - a dizzying plunge from 1,507 before the economic crisis hit in 2019.
