Lebanon 90% Currency Devaluation Overnight

Lebanon just devalued its currency by 90%!

According to the central bank chief, Lebanon is adopting a new official exchange rate of £15,000 per U.S. dollar.

This is a 90% devaluation from its current official rate that remained unchanged for 25 years.

Timecodes
0:00 Video Introduction
0:44 Hyperinflation in Lebanon
2:31 Parallel and Black Markets
5:37 Diversifying Your Savings

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#Lebanon #CurrencyDevaluation