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Lebanese pound hits new low despite government efforts

The Lebanese pound sank to a record low on the black market Thursday despite the authorities' attempts to halt the plunge of the crisis-hit country's currency, money changers said. Lebanon is in the grips of its worst economic turmoil in decades, and holding talks with the International...

Lebanese pound slides further despite new pricing system

Lebanon’s battered currency has slid to fresh lows against the U.S. dollar despite a new pricing system which Beirut hopes can curb soaring food prices as it negotiates an IMF deal to climb out of crisis. The Lebanese pound has lost over 60% of its value since October, as dollars...