Lebanon had announced the construction of a new terminal at Beirut’s airport last Monday, which was set to welcome about 3.5 million passengers annually by 2027
currency crisis
Latest in currency crisis
currency
Indian rupee predicted to see sharp fall in first quarter to almost 85 per US dollar
The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
currency crisis
Lebanese go hungry as poverty rises amid economic failure: Report
The majority of people in Lebanon are unable to secure their social and economic rights
currency crisis
Indian rupee slips to an all-time low against US dollar
The rupee is currently at 82.80 on Friday, but is expected to go well below 83
currency crisis
Rout in rupee continues, Indian currency plunging to record low of 82.70 against US dollar on Monday
Currency market experts predict further weakening of rupee in near-term basis due to anticipation of aggressive tightening by the US Federal Reserve and predictions of crude prices ending this week with major gains
currency crisis
The impact of a falling sterling on Dubai’s real estate market
If the current weakening of the pound remains, sooner rather than later, we will witness an impact on the market
British pound
Exchange bureaus offer 85 cents for one pound sterling
British pound continues slump after UK mini budget
British pound
British pound hits record low against UAE dirham
The all-time low came after the UK’s biggest tax cuts in 50 years
British pound
Pound set to fall below dollar as sterling crashes again
Fall comes after UK mini-budget saw huge tax cuts
consumer price index
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
currency crisis
Rising inflation concerns, crude prices and interest rates drag down Indian rupee
A plunge in rupee value is good news for expat Indians – especially those based in the Gulf who send remittances to India
2020 US Election
Behind the US dollar’s turbulent year
Losses in the greenback on a trade-weighted basis have topped 10% since March
coronavirus
Video: Currencies are trading sideways as world economies battle the pandemic
Most currencies matched against the US dollar dropped in March, bounced and are now trading sideways.
Central Bank of Lebanon
Lebanese peg that’s held up for over two decades is under siege
As confidence has plummeted, even ordinary people have begun to transfer their dollar savings abroad or hide notes under their mattresses
Central Bank of Lebanon
Lebanon backs key importers amid fears of dollar shortage
Petrol station owners threatened to strike over a lack of dollars at a fixed exchange rate to pay for imports, while flour producers complained over much higher rates from money changers
austerity measures
Protests in Lebanese capital over deteriorating economy
The head of the central bank has denied that the country is facing a currency reserve crisis, but it has become very difficult to withdraw dollars from ATMs in Beirut
currency crisis
Indian rupee opens down against the dollar
Market sources said there has been increased buying of the greenback by banks and importers on Monday morning hours, leading to weakening of the Indian currency