Explainer: What is behind Lebanon's new exchange rate?

A money changer counts notes at his shop in the Lebanese capital, Beirut, on Sept. 22, 2022.

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Lebanese protesters demonstrate against the monetary policies of Lebanon's Central Bank governor in the capital Beirut on January 25, 2023. - European investigators will question Lebanon's central bank chief Riad Salameh (portraits) next month as part of a probe into his and his brother's affairs, a judicial official told AFP earlier this week. Investigators from France, Germany and Luxembourg heard witnesses in Beirut last week as part of the case of suspected financial misconduct including possible money

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Explainer: What is behind Lebanon's new exchange rate?

Subscribe for less than $9/month to access this story and all Al-Monitor reporting.