The improvement in the value of the Lebanese pound.. What are the reasons and the extent of the sustainability of the decline in the exchange rate of the dollar?

The decline in the exchange rate of the dollar against the lira caused a shock in Lebanon, and in less than two weeks, they restrained the lira from a resounding collapse. The exchange rate of the dollar gradually declined from 33,000 to below 23,000, breaking expectations of the continuation of the lira’s collapse without ceilings. … Read more