Cryptocurrency Q&A What happened to LBP currency?

What happened to LBP currency?

Riccardo Riccardo Tue Oct 29 2024 | 6 answers 1489
I'm wondering about the status of LBP currency. Has there been any significant change or event that affected its value or usage recently? I'd like to understand what exactly happened to the LBP currency. What happened to LBP currency?

6 answers

JejuSunshine JejuSunshine Thu Oct 31 2024
This depreciation has had a profound impact on the Lebanese economy.

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Eleonora Eleonora Thu Oct 31 2024
Many businesses, including restaurants and stores, are now demanding payment in dollars.

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GeishaMelody GeishaMelody Thu Oct 31 2024
They view the Lebanese pound as nearly useless due to its drastic decline in value.

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SakuraSpirit SakuraSpirit Thu Oct 31 2024
The Lebanese pound has undergone a significant depreciation in value.

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Riccardo Riccardo Thu Oct 31 2024
Since late 2019, the currency has lost as much as 98% of its worth.

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