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Lebanese pound hits historic low of 100,000 to dollar

AFP, 14 Mar 2023
The Lebanese pound sinks to a historic low against the dollar on the parallel market, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback on Tuesday, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019.

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