Home Currency News Lebanon’s Dollar Peg Gives Way to Currency Chaos After Default - Yahoo...

Lebanon’s Dollar Peg Gives Way to Currency Chaos After Default – Yahoo Finance

(Bloomberg) — Lebanon’s currency peg, an anchor of financial and social stability for more than two decades, is crumbling and attempts to stabilize the exchange rate are adding to the chaos.Dollar shortages culminated last month in the government’s decision to default on its debt for the first time.

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