| 单词 | Lebanese pound |
| 例句 | Lebanon’s currency, which since 1997 had been pegged to the U.S. dollar at 1,500 Lebanese pounds to the dollar, now trades around 90,000 pounds to the dollar. Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z The Lebanese pound has lost more than 95% of its value, in the last four years, pushing more of the country’s 6 million people — including 1 million Syrian refugees — into poverty. Lebanon’s interim central bank chief vows not to lend money to government 2023-08-25T04:00:00Z Joelle, who at the time was still holding down her bank job, saw her earnings shrivel as the Lebanese pound became increasingly unstable. Beirut port blast survivors still suffering three years on 2023-08-03T04:00:00Z He cited years of spending billions of dollars to subsidize fuel, medicine, wheat and more to keep the value of the Lebanese pound stable. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z The crisis has pulverized the Lebanese pound and wiped out the savings of many Lebanese, as the banks ran dry of hard currency. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z The current financial crisis began in 2019 when the value of the Lebanese pound plummeted and inflation soared. Riad Salameh: Lebanon's tainted central bank chief steps down 2023-07-31T04:00:00Z “The central bank will for sure not cover the deficit by lending the government neither in U.S. dollars nor in Lebanese pounds,” Mansouri said. Lebanon’s interim central bank chief vows not to lend money to government 2023-08-25T04:00:00Z "When the financial crisis hit, the devaluation of our Lebanese pound was huge," she says. Beirut port blast survivors still suffering three years on 2023-08-03T04:00:00Z The Lebanese pound has since plummeted in value and wiped out much of the savings of ordinary Lebanese, plunging an estimated three-quarters of the population into poverty. Hezbollah chief calls on Lebanon’s central bank governor to resign amid mounting legal troubles 2023-05-25T04:00:00Z He cited years of spending billions of dollars to subsidize fuel, medicine, and wheat and more to keep the value of the Lebanese pound stable. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z In March this year, it tumbled to an all-time low of around 110,000 Lebanese pounds to one US dollar - effectively losing almost all of its value since 2019. Lebanon crisis: The Syrian refugees recycling to stay alive 2023-03-27T04:00:00Z “Lebanese pounds will not be printed to cover the deficit because you know what this will lead to.” Lebanon’s interim central bank chief vows not to lend money to government 2023-08-25T04:00:00Z Lebanon’s currency, officially valued at 15,000 Lebanese pounds to the dollar, is trading at more than 100,000 for $1 on the black market, which is used for nearly all transactions. IMF warns without reforms, Lebanon could see hyperinflation 2023-03-23T04:00:00Z The Lebanese pound hit a new low on Tuesday, selling for more than 143,000 pounds to the dollar before making some gains. Tear gas, clashes as Lebanon protesters try to storm govt HQ 2023-03-22T04:00:00Z Tuesday's move came with the approval of the caretaker premier and caretaker finance minister and aimed to "limit the devaluation of the Lebanese pound in the parallel market," Salameh said. Lebanon to sell unlimited US dollars to prop up collapsing pound 2023-03-21T04:00:00Z Like many business owners, Chaar has to pay in U.S. dollars to import goods but sells in Lebanese pounds. As economy worsens, Lebanese juggle dizzying rates for devalued pound 2023-03-19T04:00:00Z Teachers called their strike because their salaries, in Lebanese pounds, have became too low to cover rent and other basic expenses. Lebanon’s empty schools bode long-term damage from crisis 2023-03-16T04:00:00Z People with dollar accounts could only to withdraw small sums in Lebanese pounds, at an exchange rate far lower than that of the black market. Lebanon’s pound hits a new low as banks go back on strike 2023-03-14T04:00:00Z Most people in Lebanon get paid in Lebanese pounds and have seen the value of their salaries drop over the past years as the pound crashed. Tear gas, clashes as Lebanon protesters try to storm govt HQ 2023-03-22T04:00:00Z Making things worse for a country reliant on imported food, fuel and other products priced in dollars, the government recently tripled the amount of tax - in Lebanese pounds - that importers must pay on those goods. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-06T05:00:00Z The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z The Lebanese pound has lost 97% of its value against the dollar. Lebanese banks to suspend open-ended strike at PM’s request 2023-02-24T05:00:00Z Before the crisis, Mr Salameh was widely praised for having kept the Lebanese pound stable and the banking system afloat despite years of political turmoil. Lebanon central bank governor faces corruption charges 2023-02-23T05:00:00Z People with dollar accounts can only withdraw small sums in Lebanese pounds, at an exchange rate far lower than that of the black market. Tear gas, clashes as Lebanon protesters try to storm govt HQ 2023-03-22T04:00:00Z Over 90% of the population earns their income in Lebanese pounds, according to a 2022 survey by the International Labor Organization and the Lebanese government’s statistics agency. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-06T05:00:00Z Making things worse for a country reliant on imported food, fuel and other products priced in dollars, the government recently tripled the amount of tax — in Lebanese pounds — that importers must pay on those goods. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z Strict restrictions on withdrawing US dollars and Lebanese pounds have been in place since 2019, stopping people from accessing their savings. Beirut banks attacked as financial crisis deepens 2023-02-16T05:00:00Z The value of the Lebanese pound, at times swinging in value several times daily, has led to businesses pricing their items in dollars, where customers pay in the local currency based on black market rates. Protesters in Beirut smash banks as Lebanese pound spirals 2023-02-16T05:00:00Z Since 2019, Lebanese banks have imposed restrictions on withdrawals in U.S. dollars and Lebanese pounds that were never formalised by law, leading depositors to seek access to their funds through lawsuits and often by force. Lebanese depositors smash up, burn Beirut banks 2023-02-16T05:00:00Z Over three quarters of Lebanon’s population of 6 million has been plunged into poverty, and the Lebanese pound lost about 97% of its value against the dollar. Lebanese banks close doors to customers to protest ruling 2023-02-07T05:00:00Z Caretaker Economy Minister Amin Salam said the Lebanese pound was “used and abused” over the past three years and that dollarizing grocery stores will bring some stability to fluctuating exchange rates. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z The demonstrations come as the Lebanese pound hit a record low. Beirut banks attacked as financial crisis deepens 2023-02-16T05:00:00Z The dramatic measure is meant to stabilize the free-falling Lebanese pound and eliminate the multiple exchange rates that currently exist, a key demand of the International Monetary Fund for a bailout package for Lebanon. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z Petrol prices also jumped on Wednesday to more than a million Lebanese pounds for a 20-litre tank, unaffordable for many of those earning in local currency. Lebanese protest record-low value of local currency 2023-01-25T05:00:00Z Three-quarters of the population live in poverty, while the Lebanese pound has lost over 90% of its value against the dollar. US reroutes $72M in aid for wages for Lebanese army, police 2023-01-25T05:00:00Z “This is the end of the Lebanese pound as we know it.” Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z In Lebanon’s capital, Beirut, dozens protested in front of the Central Bank, denouncing the slide of the Lebanese pound, which began in 2019. Hundreds in Baghdad protest devaluation of Iraq’s currency 2023-01-25T05:00:00Z The new rate set Wednesday is 15,000 pounds to the dollar — a stark contrast the previous, when the Lebanese pound was pegged at just over 1,500 pounds to the dollar. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z The currency collapsed on Thursday to a new record low of 50,000 Lebanese pounds to the dollar, marking a devaluation of more than 95% since 2019 that has impoverished the nation. Lebanese opposition lawmakers stage sit-in to demand new president 2023-01-20T05:00:00Z The Lebanese pound has lost over 90% of its value against the U.S. dollar, and the country struggles with some of the world’s worst food price inflation. UN boosts food aid budget to feed a third of Lebanon 2022-11-21T05:00:00Z Telecom workers are threatening walkouts because their wages have not been adjusted to the Lebanese pound’s falling value. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z Since then, three-quarters of the population plunged into poverty, and the Lebanese pound lost some 90% of its value against the dollar. Lebanese lawmaker demands trapped bank savings 2022-10-05T04:00:00Z Depositors can only withdraw limited amounts in U.S. dollars or the Lebanese pound, which has lost more than 95% of its value since the crisis began. Lebanese lawmaker enters bank branch to demand frozen savings 2022-10-05T04:00:00Z Meanwhile, the Lebanese pound has lost 90% of its value against the dollar, making it difficult for millions across the country to cope with skyrocketing prices. Depositors storm 4 Lebanese banks, demanding their own money 2022-10-04T04:00:00Z The Lebanese pound has lost 90% of its value against the dollar, decimating the purchasing power of millions struggling to cope with rampant inflation rates. Crisis-hit Lebanese parliament fails to elect president 2022-09-29T04:00:00Z Lebanon’s economy has spiraled for a third year, with three-quarters of the population plunged into poverty and the Lebanese pound losing 90% of its value against the dollar. ‘Don’t leave me’: Survivor recounts Lebanon boat sinking 2022-09-27T04:00:00Z The budget - adopted with just three months left in the year - calculated expenditures at 41 trillion Lebanese pounds, or $1.1 billion at the market rate on Monday, and revenues at 30 trillion Lebanese pounds. Lebanon parliament passes 2022 budget that falls short of IMF reform 2022-09-26T04:00:00Z The Lebanese pound has lost over 90% of its value against the dollar. Lebanese banks reopen partially after weeklong closure 2022-09-26T04:00:00Z Tens of thousands have lost their jobs while the Lebanese pound has dropped more than 90% in value, eradicating the purchasing power of thousands of families that now live in extreme poverty. Syrian official says so far, 77 dead in migrant boat sinking 2022-09-23T04:00:00Z The Lebanese pound has lost about 90% of its value against the dollar, while three-quarters of the population has plunged into poverty. Lebanese banks decide to stay shuttered, over security fears 2022-09-22T04:00:00Z The banks have forced depositors with U.S. dollar accounts to withdraw their money in Lebanese pounds instead and at an exchange rate far below the market rate. Desperate Clients Hold Up Lebanese Banks to Get Their Own Cash 2022-09-16T04:00:00Z Banks have limited withdrawals of dollars since 2019, when the value of the Lebanese pound plummeted and inflation soared. Lebanese banks to shut after string of hold-ups amid economic crisis 2022-09-16T04:00:00Z Since the meltdown began three years ago, depositors with U.S. dollars have mostly been able to withdraw money in Lebanese pounds at a much lower rate than the real value. Depositors storm four banks as Lebanon’s cash crisis worsens 2022-09-16T04:00:00Z Banks today allow depositors to take out a maximum of $400 per month, in addition to a more modest amount in Lebanese pounds. Another bank heist in Beirut, another hero for Lebanon’s weary public 2022-09-14T04:00:00Z Lebanon is in the throes of a crippling economic crisis that has plunged three-quarters of its population into poverty and decimated the value of the Lebanese pound against the dollar by around 90 percent. Lebanon: Central Bank lifts all expensive fuel subsidies 2022-09-12T04:00:00Z A central bank spokesperson said importers will now have to source dollars from the black market, where the Lebanese pound was trading at around 35,000 pounds to the dollar on Monday. Lebanon central bank stops providing dollars for gasoline imports 2022-09-12T04:00:00Z Amid some of the worst inflation in the world, the value of the Lebanese pound has plummeted by 90 percent. Massive hike in cell service fees cuts off Lebanon’s poor from the world 2022-09-01T04:00:00Z On Friday, the Lebanese pound hit a new low, to 38,400 pounds against the U.S. dollar. Depositors storm four banks as Lebanon’s cash crisis worsens 2022-09-16T04:00:00Z The Lebanese pound has lost over 90% of its value against the U.S. dollar. UN condemns restrictions on peacekeepers in south Lebanon 2022-08-31T04:00:00Z The local currency is still officially pegged at 1,500 Lebanese pounds to the U.S. dollar, but now trades at about 35,250 pounds at the black market rate. Lebanon: Central Bank lifts all expensive fuel subsidies 2022-09-12T04:00:00Z The Lebanese pound has lost over 90% of its value against the dollar, with three-quarters of its population living in poverty. Lebanon presidential candidate on anti-Hezbollah platform 2022-08-29T04:00:00Z But the free fall of the Lebanese pound, which lost over 90% of its value against the dollar, meant their income was just enough for cover rent and some of Lebanon’s skyrocketing costs. Lebanese navy tries to recover bodies after April sinking 2022-08-23T04:00:00Z The average public servant’s monthly salary has dropped from around $1,000 to barely $50 - and counting, as the Lebanese pound loses more value by the day. Public sector paralysed as Lebanon lurches towards 'failed state' 2022-08-18T04:00:00Z Withdrawals of hard currency have been limited for most people since 2019, when the value of the Lebanese pound plummeted and inflation soared. Lebanese man who held bank staff hostage to access savings released 2022-08-16T04:00:00Z Under the subsidies program, the Central Bank would allow importers to exchange Lebanese pounds for US dollars to fund imports and keep prices stable. Lebanon: Central Bank lifts all expensive fuel subsidies 2022-09-12T04:00:00Z The government has not increased wages for public sector workers since the onset of the country’s fiscal crunch in late 2019, during which the Lebanese pound lost over 90% of its value against the dollar. Public sector strike cripples cash-strapped Lebanon 2022-08-08T04:00:00Z Lebanon’s worst economic crisis in its modern history that began in late 2019 has left three-quarters of its population living in poverty while the Lebanese pound has lost more than 90% of its value. Ukraine grain headed for Lebanon under wartime deal delayed 2022-08-07T04:00:00Z They cap monthly cash withdrawals in U.S. dollars and allow other limited amounts to be withdrawn in Lebanese pounds at a rate much lower than the parallel market rate. From blast to banking crisis, one woman embodies Lebanon's complete collapse 2022-08-01T04:00:00Z Many hold Salameh responsible for the crisis, citing policies that drove up national debt and caused the Lebanese pound to lose 90% of its value against the dollar. Judge and security forces raid Lebanon’s central bank 2022-07-19T04:00:00Z The Lebanese pound has lost over 90% of its value against the dollar, while much of the population has struggled to cope with soaring diesel fuel, gasoline, medicine and food prices. Lebanon LGBTQ community suffers setback amid wider clampdown 2022-07-17T04:00:00Z Until this month, Lebanon's telecoms sector had continued to use the government's old peg of 1,500 Lebanese pounds to the dollar to charge for phone calls, broadband and mobile internet. Lebanon telecoms mark-up threatens migrants' link to jobs and safety 2022-07-11T04:00:00Z Shortly after the warning from Fitch Ratings, the Lebanese pound briefly hit new lows against the dollar, causing chaos in markets around the country. Fitch Ratings warns of elections’ impact on Lebanese economy 2022-05-27T04:00:00Z Meanwhile, the Lebanese pound continued to hit new lows against the dollar, which was selling at around 35,600 pounds on the black market Wednesday. Doctors, hospitals in crisis-hit Lebanon go on 2-day strike 2022-05-26T04:00:00Z The Lebanese pound has lost more than 90% of its value. Outgoing Lebanon government approves economic recovery plan 2022-05-20T04:00:00Z Since the meltdown began, tens of thousands of people have lost their jobs, the Lebanese pound has shed most more than 90% of its value and many have left the country seeking opportunities abroad. Mired in crises, Lebanese begin voting for new parliament 2022-05-15T04:00:00Z The crisis made tens of thousands lose their jobs while the Lebanese pound has lost more than 90% of its value since the meltdown began. Lebanese in 48 countries voting in parliamentary elections 2022-05-08T04:00:00Z Tens of thousands of people have lost their jobs and the Lebanese pound has lost more than 90% of its value. Lebanese military finds 5 bodies from sunk migrant boat 2022-04-24T04:00:00Z Since then, the Lebanese pound has lost more than 90% of its value while food prices have gone up more than 11-fold, according to the World Food Programme. Lebanon disburses funds to temporarily avert bread crisis, minister says 2022-04-12T04:00:00Z The Lebanese pound has lost more than 90% of its value since 2019, when the financial system collapsed, plunging the majority of Lebanese into poverty, according to UN agencies. Lebanon's Mikati expresses hope of IMF accord in weeks 2022-03-26T04:00:00Z That would lead the Lebanese pound, which has lost more than 90% of its value over the past two years, to lose even more value in the coming months. Lebanese government approves budget amid economic meltdown 2022-02-10T05:00:00Z Lebanese economist Alia Moubayed described the draft budget as “malignant and dangerous,” with problems ranging from the use of several exchange rates to indirectly legalizing the transfer of foreign currency deposits into Lebanese pounds. Lebanon’s government holds budget meeting, 1st in months 2022-01-24T05:00:00Z Before the crisis, Wissam and her husband's combined salary was 3 million Lebanese pounds a month, which at the exchange rate at the time of 1,500 to the dollar was around $2,000. Penny pinching and power cuts; Lebanon's middle class squeezed by crisis 2022-01-23T05:00:00Z Downtown Beirut, levelled in the civil war, rose up, with skyscrapers built by international architects and swanky shopping malls filled with designer boutiques that took payment in dollars or Lebanese pounds. Explainer: Lebanon's financial crisis and how it happened 2022-01-23T05:00:00Z The Lebanese pound has lost more than 90% of its value since the crisis erupted in 2019, plunging most Lebanese into poverty. Lebanese cabinet meets after hiatus, amid friction over budget 2022-01-24T05:00:00Z In what appears to be a move to boost budget figures, the government removed a 5 trillion Lebanese pound loan to the country’s corruption-plagued electricity company from the budget. Lebanese government approves budget amid economic meltdown 2022-02-10T05:00:00Z While that doesn’t sound like much, the collapse of the Lebanese pound means $1 goes much farther. Lebanon’s poorest scavenge through trash to survive 2022-01-19T05:00:00Z In dollar terms, those revenues are just 5% of their level before the crisis erupted in 2019, showing the extent of the collapse of the Lebanese pound, which has made imported equipment cripplingly expensive. 'No money left': Lebanese telcos close to meltdown as cable thieves thrive 2022-01-13T05:00:00Z Tens of thousands of people have lost their jobs since October 2019 and the Lebanese pound lost more than 90% of its value. Austrian FM: Lebanon can get IMF aid if Beirut makes reforms 2022-01-12T05:00:00Z The Lebanese pound sank to more than 25,000 against the dollar last week, from a peg in 2019 of 1,500. Lebanese protesters block roads over economic meltdown 2021-11-29T05:00:00Z In other parts of the country, protesters placed posters that read “the mafia that destroyed the Lebanese pound” outside some branches of local banks, state-run National News Agency said. Protesters break into Lebanese ministry as crisis deepens 2021-11-26T05:00:00Z Meanwhile, the Lebanese pound has continued to slide, hitting new lows this week amid staggering inflation and soaring poverty. ‘Get up!’ Pope prays that Lebanon can get back on its feet 2021-11-25T05:00:00Z The Lebanese pound lost around 90% of its value in the past two years, propelling three quarters of the population into poverty. Lebanese carry 'worthless' stacks of cash after currency crash 2021-11-03T04:00:00Z “They’d contract every 100 meters to somebody for 75 million Lebanese pounds, just below the amount that requires auditing,” Attieh explained, so that the projects could be awarded at the minister’s discretion and escape oversight. How Corruption Ruined Lebanon 2021-10-28T04:00:00Z The Lebanese pound has lost more than 90% of its value and more than 70% of the population now lives in poverty. US imposes sanctions on 2 Lebanese contractors, politician 2021-10-28T04:00:00Z Withdrawals have since been limited, mostly made in Lebanese pounds which have lost 90 per cent of their value. Before Lebanon's current financial crisis, central bank faced a $4.7 billion hole in reserves - IMF memo 2021-10-28T04:00:00Z The Lebanese pound has lost around 90% of its value in the last two years, and three quarters of Lebanese are now in poverty. Soaring Lebanese fuel prices deepen misery 2021-10-21T04:00:00Z The Lebanese currency, pegged for 30 years to the dollar at 1,500 Lebanese pounds for $1, has been hovering at around ten times that rate in the black market. Lebanon raises fuel prices for 2nd time in 5 days 2021-09-22T04:00:00Z But those imports are hard to come by since the Lebanese pound has lost more than 90% of its value since 2019, and the Central Bank’s foreign reserves are drying up. Lebanese cancer patients face frantic search for medication 2021-09-13T04:00:00Z A financial crisis has wiped 90% off the value of the Lebanese pound since 2019, pushed food prices up by more than 550%, and propelled three-quarters of the population into poverty. Lebanon's Hezbollah says Iranian fuel oil to arrive Thursday 2021-09-13T04:00:00Z Moucharafieh said the payment will be made in U.S. dollars or the equivalent in Lebanese pounds at the black market rate. Lebanon to start paying cash aid to poor families next month 2021-09-09T04:00:00Z The Lebanese pound was "hostage to the formation of a new government and reforms", he said. Nobody running Lebanon, says central bank boss 2021-08-14T04:00:00Z It traded at around 15,400 Lebanese pounds on Wednesday. Lebanon raises fuel prices for 2nd time in 5 days 2021-09-22T04:00:00Z Reflecting hope that a new government may finally be in sight, the Lebanese pound jumped in value to around 17,000 to the dollar, compared with 20,000 in the preceding days. Businessman Najib Mikati becomes Lebanon’s latest prime minister designate 2021-07-26T04:00:00Z He said the first Iranian fuel oil shipment was priced in Lebanese pounds and would go to hospitals, orphanages and old people's homes. Lebanon's Hezbollah says Iranian fuel oil to arrive Thursday 2021-09-13T04:00:00Z The Lebanese pound is trading at about 20,000 to the dollar on the black market while the official rate remains as it was before the crisis at 1,507. Lebanon to start paying cash aid to poor families next month 2021-09-09T04:00:00Z In a possible sign of optimism, the Lebanese pound on Wednesday gained value to trade at around 17,000 to the dollar from 22,000. Lebanon Turns to Billionaire Tycoon to Form Next Government 2021-07-26T04:00:00Z Mr. Salameh fixed the Lebanese pound at about 1,500 to the dollar, a peg that would underpin the economy for more than 20 years but required a constant stream of dollars to stay sustainable. As Lebanon Collapses, the Man With an Iron Grip on Its Finances Faces Questions 2021-07-17T04:00:00Z It is now trading at nearly 20,000 Lebanese pounds to the dollar. Government raises price of staple bread once more in Lebanon 2021-07-10T04:00:00Z The protests erupted after the value of the Lebanese pound hit a record low, reaching 18,000 to the US dollar on the black market. Lebanon banks close in solidarity after assault on staff 2021-06-29T04:00:00Z The Lebanese pound hit a new low over the weekend, selling at 18,000 pounds to the dollar on the black market. Lebanon increases fuel prices by more than 35% amid crisis 2021-06-29T04:00:00Z On the black market, the Lebanese pound sells at nearly 10 times its official rate to the dollar. World Digest: June 17, 2021 2021-06-17T04:00:00Z That was until 2016, when banks began offering remarkable interest rates for new deposits of dollars - an officially accepted currency in the dollarised economy - and even more extraordinary rates for Lebanese pound deposits. Explainer: Lebanon's financial meltdown and how it happened 2021-06-17T04:00:00Z He said that by the time he left, the 1.2 million Lebanese pounds salary he received was barely enough for food, cigarettes and transportation. Lebanon’s crisis threatens one of its few unifiers, the army 2021-06-15T04:00:00Z The Lebanese pound, pegged for more than 20 years to the dollar at 1,515, is now trading at nearly 13,000 on the black market. France opens graft probe into Lebanon’s central bank chief 2021-06-07T04:00:00Z The Lebanese pound, pegged to the U.S. dollar for decades, unraveled. Driven by despair, Lebanese pharmacist looks to life abroad 2021-05-12T04:00:00Z A collapse in the Lebanese pound means farmers have greater need than ever for export dollars to buy fertiliser and other inputs. Lebanese fear fruit and vegetables going to waste with Saudi market shut 2021-05-12T04:00:00Z The crisis springs from the collapse of a policy by Lebanon’s central bank to keep the Lebanese pound, or lira, pegged to the dollar at a rate of about 1,500 to 1 since 1997. Lebanon’s Financial Collapse Hits Where It Hurts: The Grocery Store 2021-03-22T04:00:00Z The Lebanese pound fell against the dollar on the black market Monday after the Aoun-Hariri meeting. World Digest: March 22, 2021 2021-03-22T04:00:00Z The vast majority of the population gets paid in Lebanese pounds, meaning their incomes decline further while prices shoot up and pensions evaporate. Lebanese are gripped by worry as economic meltdown speeds up 2021-03-19T04:00:00Z The surgery was going to cost 22 million Lebanese pounds — about $2,200 at the current market rate. For Syrians, a decade of displacement with no end in sight 2021-03-11T05:00:00Z The surgery was going to cost 22 million Lebanese pounds - about $2,200 at the current market rate. For Syrians, a decade of displacement with no end in sight 2021-03-12T05:00:00Z While officially the U.S. dollar costs only 1,520 Lebanese pounds, the black market price was around 9,950 pounds on Thursday - a day after briefly hitting a record high of 10,000. Anger in Lebanon as currency, prices spiral out of control 2021-03-04T05:00:00Z The collapse of the Lebanese pound, which fell to 10,000 to the dollar on Tuesday, slashed about 85% of its value in a country relying heavily on imports. Lebanese anger at economy grows as political deadlock persists 2021-03-03T05:00:00Z The dollar was trading at 9,975 Lebanese pounds around noon Tuesday. Lebanon currency hits record low as country’s crises worsen 2021-03-02T05:00:00Z Hezbollah continues to pay its fighters and employees in its institutions in U.S. dollars, while everyone else gets their salaries in Lebanese pounds, which lost about 80% of their value in the crisis. Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese 2021-01-27T05:00:00Z Hezbollah continues to pay its fighters and employees in its institutions in U.S. dollars, while everyone else gets their salaries in Lebanese pounds, which lost about 80% of their value in the crisis. Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese 2021-01-26T05:00:00Z The new wave of protests began on Tuesday after the Lebanese pound plunged to record lows on the black market, raising fears that the deterioration will only get worse. Anger in Lebanon as currency, prices spiral out of control 2021-03-04T05:00:00Z This is expected to send prices and inflation soaring and the Lebanese pound further tumbling. Frantic search after medicines vanish from Lebanon shelves 2020-11-10T05:00:00Z Each had paid the smuggler the equivalent of up to $930 in Lebanese pounds. Despair in Lebanon pushing some to flee to Europe in boats 2020-09-18T04:00:00Z Osman’s salary, denominated in Lebanese pounds, dropped in value from nearly $1,300 to just around $200 a month because of the local currency’s crash. After Beirut blast, a young surgeon finds new sense of duty 2020-09-16T04:00:00Z The economy had tanked, the Lebanese pound had lost more than 60 percent of its value in just the past month, and banks were allowing only minimal withdrawals. Opinion | As Beirut mourns, our failed leadership looks for someone to punish. I say they must all go. 2020-08-05T04:00:00Z It also approved an exceptional allocation of 100 billion Lebanese pounds to deal with the crisis. Lebanon declares emergency in Beirut, approves urgent funding 2020-08-05T04:00:00Z At the start of October 2019, a shortage of foreign currency led to the Lebanese pound losing value against the dollar on a newly emerged black market for the first time in two decades. Lebanon: Why the country is in crisis 2020-08-05T04:00:00Z A currency crash means his pension in Lebanese pounds is now worth just around $500, he said. Major Beirut medical centre lays off hundreds as crisis bites 2020-07-17T04:00:00Z Every transaction, from doctor fees to store purchases to rent, is negotiated day by day, juggling the tumbling Lebanese pound and multiple, changing dollar exchange rates. Hottest commodity in Lebanon’s economic chaos: The US dollar 2020-07-08T04:00:00Z “There is no longer any anchor for the value of the Lebanese pound and we are going into the unknown.” Lebanon’s currency takes a new dive, and there is no end in sight 2020-06-26T04:00:00Z “Lebanese want the central bank to control the dollar exchange rate vis-à-vis the Lebanese pound and to preserve the value of their salaries and savings,” he told the meeting. Lebanon's Aoun sees 'civil war' climate as critics boycott meeting 2020-06-25T04:00:00Z The Lebanese pound was reportedly selling at 6,200 to the dollar, losing more than 75% of its value. Lebanon currency in free-fall amid political impasse 2020-06-24T04:00:00Z Despite efforts to control the currency depreciation in recent weeks, the Lebanese pound tumbled to more than 6,000 to the dollar on Thursday, down from 4,000 on the black market in recent days. Lebanese government meets after night of raging protests 2020-06-12T04:00:00Z In recent weeks, the Lebanese pound — pegged to the dollar for more than two decades under Salameh — lost 60% of its value against the dollar on the black market. Lebanon crisis brings mixed legacy for central bank governor 2020-05-27T04:00:00Z In recent weeks, the Lebanese pound - pegged to the dollar for more than two decades under Salameh - lost 60% of its value against the dollar on the black market. Lebanon crisis brings mixed legacy for central bank governor 2020-05-28T04:00:00Z Underlying that lifestyle was a longstanding government policy that kept the value of the Lebanese pound pegged to the U.S. dollar, allowing the Lebanese to interact seamlessly with the world economy. Lebanon’s Economic Crisis Explodes, Threatening Decades of Prosperity 2020-05-10T04:00:00Z In recent weeks, the Lebanese pound lost nearly 60% of its value against the dollar and prices of basic goods soared. Lebanon restaurants partially reopen, face faltering economy 2020-05-04T04:00:00Z Now that the Lebanese pound buys less than half what it used to, imports and drinks alike cost more. Beirut’s Nightlife Survived Civil War. Can It Withstand Pandemic? 2020-05-03T04:00:00Z The Lebanese pound, pegged to the dollar for 30 years, lost nearly 60% of its value. Lebanese protest despite government’s economic rescue plan 2020-05-01T04:00:00Z Shortly after he took over, the Lebanese pound began making gains. Lebanon crisis brings mixed legacy for central bank governor 2020-05-28T04:00:00Z At least one Lebanese bank added “USD Market Price” to its ATM currency options, allowing depositors to withdraw Lebanese pounds from their dollar account at 2,000 to the dollar. Unrest escalates in Lebanon as currency collapses and prospect of hunger grows 2020-04-28T04:00:00Z Over the weekend, the Lebanese pound hit a record low, with 4,000 pounds to the dollar on the black market while the official price remained at 1,507 pounds. Lebanese riots over price hikes leave 1 dead, scores injured 2020-04-28T04:00:00Z Experts say the Central Bank’s decision is likely to swamp the market with the Lebanese pound and appeared designed to replenish the local banks’ foreign currency reserves and reduce the gaps in their balance sheets. Lebanon PM blames currency crash on Central Bank governor 2020-04-24T04:00:00Z “He’s moving in the direction of really moving deposits from dollars to Lebanese pounds to minimise his foreign losses,” one senior banker said. 'Plain robbery': Lebanese fume as dollar savings hit by financial crisis 2020-04-23T04:00:00Z The Lebanese pound traded between 3,500 and 3,700 to the dollar on Thursday, a sharp jump amid general currency depreciation that began in March. Lebanon’s currency crashes amid financial turmoil, virus 2020-04-23T04:00:00Z Also Wednesday, the U.S. dollar was being bought at exchange shops around the country for 2,000 Lebanese pounds, after hitting a record of 2,500 pounds to the dollar last week. Lebanon’s new Cabinet holds its first meeting amid protests 2020-01-22T05:00:00Z The Lebanese pound lost more than 60% of its value in recent weeks on the black market. Lebanon to release protesters detained after night of riots 2020-01-19T05:00:00Z The Lebanese pound and the U.S. dollar are used interchangeably across Lebanon: It is common to pay in one currency and get change back in the other. Dozens arrested as protests resume in Lebanon after weeks of relative calm 2020-01-15T05:00:00Z The Lebanese pound has weakened on the parallel market, a hard currency squeeze has driven up prices and confidence in the banking system has been battered. Lebanon security forces fire tear gas, clash with protesters near central bank 2020-01-14T05:00:00Z For example, the Lebanese pound is tied to the dollar at a fixed rate of 1,507.5 to 1. Currency manipulation and why Trump is picking on Brazil and Argentina 2019-12-08T05:00:00Z The central bank’s “main and first aim,” Salameh said, would be to preserve the Lebanese pound. As Lebanon's unrest continues, fears grow for its currency 2019-11-12T05:00:00Z Before the protests erupted and as dollar scarcity created a parallel market for the Lebanese pound, the central bank said it would prioritize dollars for fuel, medicine and wheat. Lebanese importers struggle as banks impose credit controls 2019-11-05T05:00:00Z Lebanese pounds to a U.S. dollar, and although the official rate remains untouched, the rate at exchange bureaus has hit 2,500 pounds to the dollar. Dozens arrested as protests resume in Lebanon after weeks of relative calm 2020-01-15T05:00:00Z The bill was no longer in Lebanese pounds, it was in U.S. dollars. At Lebanon shops, mills and petrol pumps, fears of supply crisis grow 2019-10-30T04:00:00Z The Lebanese pound is already said to be trading at up to 2,000 to the dollar on the black market, a devaluation of up to 30% from the official rate. Paralyzed by protests, Lebanon’s fiscal crisis worsens 2019-10-30T04:00:00Z Even before the uprisings, the value of the Lebanese pound, officially pegged to the U.S. dollar, was creeping down in the black market. As Lebanon looks to form a new government, all eyes turn to Hezbollah 2019-10-30T04:00:00Z “A devaluation of the Lebanese pound will likely lead to even more social unrest and turbulence on the street.” AP Explains: What’s next after Lebanon PM resigns 2019-10-29T04:00:00Z Salameh said the $3.4 billion included the central bank reimbursing the government with interest paid to the central bank on Lebanese pound debt it holds, in addition to the tax on bank profits. Exclusive: Lebanon needs solution to crisis in days - Central bank governor 2019-10-28T04:00:00Z Lebanon, where the Lebanese pound currency is pegged to the dollar, is one of the world’s most heavily indebted states. Lebanon puts temporary ban on taking large sums of dollar cash out of country: NNA 2019-10-27T04:00:00Z Financial strains are surfacing, including a scarcity of dollars and pressure on the pegged Lebanese pound. Lebanese protesters form human chain across country 2019-10-27T04:00:00Z Beirut has repeatedly vowed to maintain the value of the dollar-pegged Lebanese pound and honour its debts on time. Lebanon, pushed to the brink, faces reckoning over graft 2019-10-18T04:00:00Z The banking sources said there was no problem withdrawing from dollar or Lebanese pound deposit accounts. 'Show me the money'; dollar-hungry businesses squeezed in Lebanon 2019-09-19T04:00:00Z Hariri vowed that the peg of the Lebanese pound to the American currency will remain in place. Lebanese officials declare state of economic emergency 2019-09-02T04:00:00Z They say the Lebanese pound - pegged against the dollar at the same rate for 20 years - is stable. Saudi reopens Lebanon front in struggle with Iran 2017-11-07T05:00:00Z He that the there is no demand to transfer Lebanese pound to U.S. dollars. Lebanon's central bank governor says Beirut will abide by a U.S. law that imposes sanctions on banks that knowingly do business with the militant Hezbollah group 2016-04-18T04:00:00Z Burgeoning capital inflows have generated foreign payments surpluses, and the Lebanese pound has remained very stable for the past two years. The 2001 CIA World Factbook They say the Lebanese pound - pegged against the dollar at the same rate for 20 years - is stable. Saudi reopens Lebanon front in struggle with Iran 2017-11-07T05:00:00Z Burgeoning capital inflows have generated foreign payments surpluses, and the Lebanese pound has remained very stable for the past two years. The 2001 CIA World Factbook |
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