September 1992

¤The lira at its lowest: about 2,800 to the dollar

PartiesBanque du Liban

In September 1992, after the hunger uprising and during the elections, the dollar reached about 2,800 lira, the worst level in its history; the trend reversed with Rafik Hariri's appointment in October and the inflow of deposits, falling to about 1,700 within a year and then fixed at 1,507.5 in 1997.

▲ The "hunger uprising"Lira pegged at 1,507.5 to the dollar ▼

Cause

The lira passes 500 to the dollar (context)The "hunger uprising"

Leads to

Rebuilding Beirut (context)Lira pegged at 1,507.5 to the dollar

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