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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
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