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Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the ‘Deliberate Depression’
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Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
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Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank has stalled bailout discussions. The economic and financial crisis in […]
The post Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled appeared first on Bitcoin News.
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Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation deteriorating “terrifyingly.” Lebanon’s Currency Crisis Protests erupted in Lebanon on Friday […]
The post Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown appeared first on Bitcoin News.
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