BEIRUT, April 3 (Reuters) - The Lebanese central bank's new foreign currency unit will deal with banknotes at the "market rate" and choose which money exchangers it works with, Central Bank Governor ...

BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted a powerful politician to call for a state of ...

A worker handles a bound pile of Lebanese pound banknotes at a currency exchange kiosk in the Burj Hammoud district of Beirut, Lebanon, on Wednesday, May 11, 2022. Top Lebanese officials conceded they ...

Lebanon is back in the headlines as the conflict in the Middle East intensifies. Before these latest developments, Lebanon had already become a symbol of how quickly a seemingly stable society can ...

The Lebanese pound is pegged to the US dollar. Between 1997 and January of this year, the official exchange rate was LBP1,507.5 to $1. However, at the start of this year the Central Bank reset the peg ...

Lebanon’s first official devaluation in a quarter century fired up consumer prices in March, with food and beverage inflation exceeding an annual 350 percent as authorities struggle to contain the ...

Lebanon has devalued its official exchange rate for the first time in 25 years, weakening it by 90 percent but still leaving the local currency well below its market value. The central bank confirmed ...