2 March 2021

¤The dollar passes 10,000 lira

Beirut & suburbs#Lira & the economy #Economic collapse #Corruption

PartiesBanque du Liban

On 2 March 2021 the dollar passed 10,000 lira on the parallel market, and protests and road closures broke out in every region; the lira had lost about 85% of its value since 2019, while the official rate stayed at 1,507.5, with the "Sayrafa" platform later.

▲ Lebanon defaults on its Eurobonds Fuel, power and medicine shortages ▼

Cause

Lebanon defaults on its Eurobonds (context)

Leads to

Fuel, power and medicine shortages (context)The dollar passes 100,000 lira (context)

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