Lebanon’s exchange rate against the dollar could change, but the country’s problems remain
The Lebanese currency has been pegged to the US dollar at the rate of 1,507.5 Lebanese Pounds (LBP) to the dollar since 1997. The Ministry of Finance was due to revise the official exchange rate to 15,000 LBP tomorrow (November 1). The change represents one of the conditions the International Monetary Fund (IMF) has planned …