by Mercy Corps Lebanon | Feb 7, 2022 | LCAT Monthly Reports
Key Takeaways: In an unexpected development, the Central Bank intervened in the currency market to stabilize the Lebanese Pound (LBP), which recovered from a low of LBP 33,000 to one US dollar (USD) on January 11, to about LBP 20,000 by the end of the month. The...
by Mercy Corps Lebanon | Jan 10, 2022 | LCAT Monthly Reports, Uncategorized
Key Takeaways: The Lebanese lira continued to experience significant depreciation during the final two months of 2021, pushing towards 30,000 and further reducing the purchasing power of the population, driving many more towards a dependence on humanitarian assistance...
