Lebanon ‘Following In Venezuela’s Footsteps’

By Najia Houssari
In less than 24 hours, Lebanon’s currency dropped in value by over 10,000 Lebanese pounds, with the exchange rate nearing 70,000 to the dollar — a plunge that comes at a time when Lebanese were dreading the exchange rate reaching 50,000 to the dollar.

Economist Jassem Ajaka told Arab News: “We are...