Lebanon’s currency
continues to tank
amid monetary chaos

AP

Lebanon’s national currency further collapsed Monday, trading on the black market at nearly 20 times its value two years ago, worsening inflation and people’s despair.

The Lebanese pound was trading at 27,000 to the dollar on the black market, hitting a new low in its downward trajectory since October 2019 as the Lebanese economy went into a tailspin. The currency is officially pegged at 1,500 pounds to the dollar. FULL STORY