Asia Unhedged | In Lebanon, faith in national currency is slipping
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In Lebanon, faith in national currency is slipping

A longstanding peg to the US dollar is increasingly a liability, rather than a guarantee of stability, for a Middle Eastern nation with enormous debt

December 12, 2018 9:54 PM (UTC+8)
Lebanese pound notes (10,000 denomination) are seen in a machine at Lebanon's central bank, BdL, in Beirut on November 24, 2008. 

Photo: Ramzi Haidar / AFP
Lebanese pound notes (10,000 denomination) are seen in a machine at Lebanon's central bank, BdL, in Beirut on November 24, 2008. Photo: Ramzi Haidar / AFP
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