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Beirut’s port explosion ripped through the city a year ago. The economic crisis that had set in nearly 12 months prior and the pandemic that hit in early 2020 have brought the country’s businesses to their knees
Lebanese pounds
Latest in Lebanese pounds
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