The Lebanese currency has depreciated by 90%, one of the three worst economic crises in 70 years.

新浪財經 · Jul 16, 2021 21:25

On July 15, local time, Lebanese Prime Minister-designate Hariri announced that after months of discussion, he had decided to abandon the formation of a new cabinet because he could not reach an agreement with President Orne on the formation of the new government. Some analysts pointed out that the political stalemate may further deepen the local economic crisis. Affected by the news, the black market exchange rate of the Lebanese pound fell rapidly from about 19000 Lebanese pounds to the United States dollar that morning to 20, 000 Lebanese pounds to the United States dollar. The Lebanese pound has depreciated by more than 90 per cent compared with the second half of 2019.

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黎巴嫩货币贬值90%，为70年来最严重三次经济危机之一

The Lebanese currency has depreciated by 90%, one of the three worst economic crises in 70 years.

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