As the Lebanese pound hit a new record low against the dollar this week, the Syrian pound also plummeted.
A war-ravaged Syria is heavily dependent on neighboring Lebanon for basic commodities and finance. The decline in the Lebanese pound will pulsate across the border.
On Tuesday, Lebanon’s currency reached a near-record 10,000 to the dollar, signaling that the multiple stresses of corruption, political crises, and coronavirus are taking heavy tolls on an already fractured economy. Leba
September 7th, 2025
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