Jun 14, 2021 01:59 PM (GMT+8) · EqualOcean
Due to the political, economic and other multiple crises, the black market exchange rate of the local currency, the Lebanon pound, against the US dollar hit a new low on the 13th. The central parity of the black market exchange rate of the Li pound against the US dollar once fell to 15300 Li pound to us dollar on the same day. Since the end of 2019, the Lai pound has depreciated by about 90%. Lebanon is short of resources and imports more than 80% of its basic commodities. The devaluation of the local currency has led to a sharp rise in the price of the country's imported goods and a serious shortage of fuel, medicine and other important materials.

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