Devaluation

(Malcolm P Chapman/Getty Images, modified by CoinDesk)

Podcasts

The Tragedy of Lebanon’s Currency Devaluation

While the official exchange rate is down 90%, the black market is still trading at less than 25% of the official rate.

(Malcolm P Chapman/Getty Images, modified by CoinDesk)

By Nathaniel Whittemore

Feb 4, 2023 at 2:00 p.m. UTC

Feb 4, 2023

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