Lebanon – Page 2 – DIGIT INFO

Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi

A deepening monetary crisis has seen Lebanon’s national currency plummet a further 50% over the last ten days to reach parity with a single satoshi.

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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 […]

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Lebanon’s Central Bank Burns as Protesters Rail Against Fiscal Failures

A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.

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From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money

From Buenos Aires to Beirut - Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their own hard-earned savings. The news shows the great importance of censorship-resistant money and how […]

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No, Bitcoin Isn’t Trading for $15K in Lebanon After Currency Collapse

While some media outlets are claiming that Bitcoins are trading for $15,000 in Lebanon, it would appear the actual price is closer to $7,850

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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]

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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls

Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for […]

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Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in […]

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Low Interest Rates Are Crushing Young People and Fueling Global Riots

Low Interest Rates Are Crushing Young People and Fueling Global Riots There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push housing […]

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Lebanon Banks’ Shutdown Is ‘Most Potent Case’ for Crypto: Nassim Taleb

Lebanon to keep banks closed until further notice

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