“Lebanese Pound Experiences Drastic Plummet while ‘Ghost’ Manipulation of Exchange Apps Suspected”
The money markets in Lebanon experienced sharp fluctuations, with the dollar approaching 150,000 pounds before the Central Bank intervened by offering open sales at 90,000 pounds per dollar through their exchange platform. This caused a decline in the exchange rate on the black market to 105,000 pounds in the afternoon. A senior banker noted an … Read more