Tag Archives: lebanon uprising

Lebanon’s Economic Currency Collapse Crisis, Explained



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The Lebanese Pound has collapsed because of a shortage of US Dollars. The government has defaulted on loans owned by the Lebanese Central Bank, depleting their reserves so they couldn’t pay back regional banks, meaning that depositors are locked out of their deposits. This has triggered branches of government to lash out at each other and led to protests in the street overthrowing the prime minister. Here’s what’s happening.