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Lebanon's currency hits an all-time low as gridlock continues

Lebanon's currency has set a new record low as the parliament failed yet again to elect a president.
Lebanese pound exchange

BEIRUT — Thursday marked the lowest recorded exchange rate of the Lebanese pound to the dollar in Lebanon, reaching a whopping 50,000 pounds.

Meanwhile, the Lebanese Parliament failed in its 11th attempt to elect a president on Thursday, leaving citizens feeling even more hopeless.

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