Source: Express
The Israeli military issued an evacuation warning for a building and surrounding area in Beirut’s southern suburbs on Friday, ahead of an airstrike targeting a Hezbollah facility in the Lebanese capital.
Friday, March 28, 2025
Two rockets were fired from Lebanon into northern Israel on Friday, triggering warning sirens in border communities, the Israeli military said.
Friday, March 28, 2025
On March 11, U.S. deputy special envoy for the Middle East Morgan Ortagus announced that the United States will be “bringing together Lebanon and Israel for talks aimed at diplomatically resolving several outstanding issues,” with various “working groups” focused on addressing “the release of Lebanese prisoners, the remaining disputed points along the Blue Line and the remaining 5 points where Israeli forces are still deployed.” This statement followed the sixth military-to-military meeting at the UN peacekeeping headquarters in Naqoura, which brought together Israel, Lebanon, the United States, and France.
Thursday, March 20, 2025
Hezbollah and its allies – Speaker Nabih Berri, former Minister Najib Mikati, and Hezbollah ministers in the previous cabinet – all signed the ceasefire agreement with Israel that ended the war and that stipulated that arms in Lebanon must be exclusively in the hands of six government military and security agencies. When this happens, according to the deal, Israel withdraws from Lebanese territories. Now Hezbollah is reneging on its ceasefire promise, moving the goalposts, and reversing the order by saying that Israeli withdrawal comes first, then it might consider disarming.
Wednesday, March 19, 2025
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Monday 9 September 2024 16:30:31
One country's currency has crashed so much that just one US dollar can now purchase 89,578 of its pounds. Experts say the Lebanese Pound is the weakest currency in the world "by some margin" as it tops a hall of shame of the world's worst performing.
Andrew Michael, an expert at Forbes Advisor, said in a report on the worst performers: "The Lebanese pound is currently, by some margin, the weakest currency in the world when measured against the US dollar.
"One Lebanese pound buys $0.000011. Put another way, this means that $1 is worth 89,578 Lebanese pounds." Lebanon's economy is service-based, but the country also exports food and drinks, metals, some chemicals and precious stones.
But, bordering the Mediterranean Sea, as well as Israel and Syria, its economy has been affected harshly by the wars in Syria and more recently Gaza.
Next worst performing currency is the Iranian rial, currently worth $0.000024. Just $1 would buy 42,087 Iranian rials.
The currency emerged in the late 1700s and has been relatively static against the US Dollar for several years. Iran is a key exporter of oil and natural gas, but economic sanctions, largely from the US, have put huge pressure on its economy.
The report was compiled for those considering in investing in weaker economies, which can potentially make significant amounts if there is a rise in its value.
But, it is a risky tactic as they could remain low or even plummet further. The US dollar is the world’s most traded currency, but not the strongest, which is currently seen as the Kuwaiti dinar.
Third worst performing currency is the Vietnamese dong as each unit can only buy $0.000039. Just $1 could buy 25,442 Vietnamese dong.
It is a service led industry with electronics, energy and textiles key industries. It has been hit hard by rising interest rates in the US, restrictions on foreign exports and a slowdown in exports.
Another south-east Asian currency, the Laotian kip, is in at number four. Around since the 1950s, 1 kip is equivalent to $0.000046, so $1 is worth 21,705 kip.
Land-locked Laos relies on exports of copper, gold and timber but has slow economic growth, high inflation and rising debt.
Sierra Leone has had a currency called leone since 1964 and one unit of it gets $0.000048. So, $1 is the equivalent of 20,969 leone.
It's key exports are timber and minerals such as diamonds and gold plus industrial metals. High inflation and debt plus slow economic growth since the Ebola outbreak have kept it struggling.
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