Lebanon burns foreign reserves to hold pound steady in face of devastating war losses - analysis
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Source: The Jerusalem Post
Published: 2026-06-04 21:32 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Middle East, Military & Defence, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Lebanon’s pound has held near 89,500 to the dollar even as war drains the country’s reserves, damages infrastructure, and pushes an already exhausted economy deeper into uncertainty.
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