Lebanon's pound hits new bottom, ahead of Riad Salameh interrogation

A French judge arrived in Lebanon this week to question central bank head Riad Salameh over his alleged financial crimes.
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
Lebanese protesters demonstrate against the monetary policies of Lebanon's Central Bank governor in the capital Beirut on January 25, 2023. - JOSEPH EID/AFP via Getty Images
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Adam Lucente
@Adam_Lucente

Lebanon’s currency fell to another historic low against the US dollar on Tuesday, on the eve of central bank chief Riad Salameh being summoned to appear before visiting European investigators. 

Lebanese media outlets reported that the rate fell to 100,00 pounds to the dollar, down from 80,000 last month. The website Lira Rate said the pound is trading at 99,500 to the dollar.

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