Lebanon devalues official exchange rate by 90% By Reuters
2/2 © Reuters. A man counts Lebanese pound banknotes at a currency exchange shop in Beirut, Lebanon, January 5, 2022. REUTERS/Mohamed Azakir/Files 2/2 BEIRUT (Reuters) -Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. […]