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Lebanon’s central bank to inject dollars as currency crashes

The Lebanese pound trades at roughly 6,000 to the US dollar on the black market; Lebanese officials take action to try to get the parallel market under 4,000 to the dollar.
A man wearing a face mask takes Lebanese pound banknotes at a currency exchange shop in Beirut, Lebanon April 24, 2020. REUTERS/Mohamed Azakir - RC20BG9T3QWR

The central bank in Lebanon will inject fresh dollars into the market beginning next week, President Michel Aoun said today after protests reignited over deteriorating living conditions and a collapsing currency.   

After an emergency Cabinet meeting, Aoun announced plans for "feeding dollars into the market” to stabilize the fast-depreciating currency. 

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