Source: Express
The Lebanese army has taken possession of heavy weapons from Palestinian factions across seven refugee camps, the National News Agency reported on Monday.
Monday, September 15, 2025
Lebanon’s Interior Minister Ahmad al-Hajjar on Monday announced the dismantling of an international drug trafficking network spanning Lebanon, Turkey, Australia, and Jordan, following months of intensive surveillance. The operation led to the arrest of the network’s ringleader and several members, and the seizure of millions of Captagon pills destined for Saudi Arabia.
Monday, September 15, 2025
Lebanon’s flag carrier Middle East Airlines — wholly owned by the central bank, Banque du Liban — plans to launch a low-cost subsidiary to serve destinations in the EU and the Middle East in what would be a welcome addition to the sector.
Sunday, August 31, 2025
When Sabah thinks about Lebanon’s turmoil and what lies ahead, she finds herself filled with rage and despair. While much of the world carries on uninterrupted, the lives of tens of thousands of young men and women in the country remain in limbo.
Tuesday, August 26, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 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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