The World Bank estimated Lebanon's cash economy to be at around $9.9 billion, or 45.7 percent of GDP in 2022. "Cash economies make it easier to conceal the source of funds for illicit and illegal ...

S&P raised its long-term local currency sovereign credit rating on Lebanon to 'CCC' from 'CC' and affirmed its short-term ...

Lebanon's new government is committed to implementing key reforms to lift the country out of its economic crisis, but the nation's new economy minister said such changes could take time ...

The Lebanese pound has lost as much as 98% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency.

Its damaged grain silos collapsed in 2022, and the country relies on minimal food storage due to the financial crisis. “Lebanon apparently has stocks of food and fuel for two-three months, but ...

The Lebanese pound has lost as much as 98 percent in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what's seen as a nearly useless ...

Investing.com -- S&P Global Ratings raised Lebanon’s long-term local currency credit rating to ’CCC’ from ’CC’ on Thursday, while maintaining a stable outlook and affirming its foreign currency rating ...

Lebanon adopts ‘dollarization’ as currency, economy crumble Store displays advertising in Arabic that reads “Italian clothes and shoes for 9.99 $” in Beirut, Lebanon, Wednesday, March 1, 2023.

BEIRUT (AP) — When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t expect it to thrive. But several years later,… ...