Tag Archives: lebanon economic

Lebanon’s 2020 Dollar Currency Economic Crisis and the IMF, Explained

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Lebanon is having a major currency crisis. They promised to pay tens of billions of dollars to investors through years of government bond issuances. Unfortunately they are running low on currency and starting to default on their loans. With no new money coming in, an inability to raise money through taxes, and a simering virus outbreak, a crisis is sweeping their financial system.