Lebanon will implement a new official exchange rate of 15,000 pounds per US dollar on February 1 according to central bank governor Riad Salameh, representing a 90% devaluation from the country’s current official rate at 1,507 pounds, which has remained stable for 25 years. According to Salameh, the move will apply to banks, resulting in … Continue reading Pound Gone In Lebanon: Central Bank Devalues Currency Down By 90%