Global Economic Collapse Exacerbates Lebanese Currency Crisis

4 years ago
1

Lebanon's currency crisis has accelerated since the global economic shutdown to stop the spread of the Wu Flu was initiated. Lebanon's economy is dependent on a constant inflow of US Dollars from Lebanese citizens employed abroad. Since the global shutdown, the flow of these Dollars has stopped, accelerating the collapse of their already broken financial system.

https://www.middleeastmonitor.com/20200424-lebanon-money-transfers-close-as-currency-goes-into-freefall/

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