LEBANON ECONOMIC CRISIS

Currency crisis in Lebanon

epa09976881 A currency trader counts US dollar banknotes at a currency exchange shop in Beirut, Lebanon, 26 May 2022. Market dealers say the Lebanese pound was trading at around 35,000 to the US dollar, losing more than 90 percent of its value. Lebanon has been struggling with compounded crises for nearly two years, including the economic and financial crisis, the covid-19 pandemic and the explosion of the Beirut port. The World Bank says the economic crisis in the country is possibly among top three most severe crises episodes globally since the mid-nineteenth century. EPA/WAEL HAMZEH

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