A Look into Lira Collapse During Current Crisis – LBCGroup 2/17/23

Source: LBCGroup.tv

The exchange rate of the dollar doubled from roughly forty thousand LBP at the start of 2023 to mid-February, or in just one and a half months, and is now worth more than eighty thousand LBP.

The biggest devaluation of the Lebanese lira against the US dollar since the rise in exchange rates began is currently happening.

The dollar doubled in price from the beginning of February 2022 from around 20,000 to 40,000 by the end of 2022, an increase of 20,000 LBP.

Between January 2023 and mid-February 2023, a mere month and a half, the price of a dollar doubled, from forty to more than eighty thousand LBP….

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