Historic decline of the Lebanese pound

Lebanon-ALSHARQIYA   July 16: The Lebanese pound recorded a new record decline in the exchange rate against the US dollar, after Saad Hariri apologized for forming the government, on Thursday afternoon.

The exchange rate of the Lebanese pound crossed the 20,000 mark against the dollar, after Hariri apologized for forming a government.

The lira recorded an unprecedented record decline, last week, when the Lebanese currency recorded 19,400 pounds against the US dollar.

On Thursday, the Lebanese Prime Minister-designate apologized for forming the Lebanese government, after his meeting with President Michel Aoun.

During a press conference after meeting Aoun, Hariri said in a brief speech that he did not reach an agreement with the president, saying: "It is clear that we will not be able to reach an agreement."

ويشهد لبنان أزمة اقتصادية حذر البنك الدولي الشهر الحالي من أنها تُصنّف من بين أشد عشر أزمات، وربما من بين الثلاث الأسوأ منذ منتصف القرن التاسع عشر، منتقدا التقاعس الرسمي عن تنفيذ أي سياسة إنقاذية وسط شلل سياسي.


Iraqi Prime Minister Mustafa Al-Kazemi stressed the need for coordination between

Jordanian Interior Minister Mazen Al-Faraya affirmed that his country's relations

Jordanian Prime Minister Bishr Al-Khasawneh reiterated the Kingdom's keenness