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  • Exclusive: Lebanon to slash official exchange rate from end of October, finance min says
    Finance News

    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    September 28, 2022 /

    BEIRUT, Sept 28 (Reuters) – Lebanon strategies to slash its official trade amount from the finish of Oct, changing the 1,507 for each dollar charge adopted 25 several years ago with a price of 15,000 in a stage toward unifying many trade charges, the finance minister informed Reuters. The pound has plunged by additional than 95{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the official price since Lebanon fell into money disaster a few yrs ago, with pounds at the moment changing palms at all-around 38,000 on a parallel sector. “The aim is for there to be a unification of the exchange charges in Lebanon,” Finance Minister Youssef Khalil explained, calling the conclusion a “basic phase”…

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