Rio Tinto to Cancel Mongolia’s $2.3 Billion Debt

Rio Tinto to Cancel Mongolia’s $2.3 Billion Debt

Associated Press

Lebanon’s currency continues to tank amid monetary chaos

The Lebanese pound was trading at 27,000 to the dollar on the black market, hitting a new low in its downward trajectory since October 2019 as the Lebanese economy went into a tailspin. Inflation and prices of basic goods have skyrocketed in Lebanon, which imports more than 80% of its basic goods. Shortages of basic supplies, including fuel and medicine, and restrictions on bank withdrawals and transfers, particularly in foreign currency, have increased the desperation of the Lebanese in the once middle-class country.

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