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ECONOMY

New official exchange rate: Timing, challenges and implications

The official exchange rate will shift from LL1,507.5 to LL15,000 on the dollar starting Nov. 1

New official exchange rate: Timing, challenges and implications

A parking rate still displayed according to the old exchange rate. (Credit: Philippe Hage Boutros/L'Orient-Le Jour)

The news came as a bombshell to many. Caretaker Finance Minister and former Banque du Liban executive Youssef Khalil told Reuters on Wednesday that the "official" lira-to-dollar exchange rate will soon change.The official exchange rate of the...

The news came as a bombshell to many. Caretaker Finance Minister and former Banque du Liban executive Youssef Khalil told Reuters on Wednesday that the "official" lira-to-dollar exchange rate will soon change.The official exchange rate of the...Modification du taux de change : timing, enjeux et répercussions...