Lebanon devalues currency by 90% Explained Part 3 lebanon beirut currency tickertape shorts

Download the Tickertape App: https://ttape.in/QxY5NlWXhtb #dimaaglaganazarurihai #dimaagyahalagao #tickertapehaina Lebanon ki economy ek debt sprint pe thi- developing countries ko growth ke liye aksar external paison ki zarurat hoti hai but yaha problem ye thi ki inn paisonka istemaal growth ke liye kabhi hua hi nahi.. Quick money banane ke liye, waha ki sarkaar ne extra taxes lagaye woh bhi whatsapp calls par! Logon ne iss move ke against protest kiya aur lebanon ne ye taxes withdraw kar liye- Result? It defaulted on loans.. And then came COVID followed by Beirut Blasts that shook the country. Lebanon ke paas depositors ko lautane ke liye paise nhi the.. Aur aisi mushkil stithi mei sirf IMF hi unhe $3 billion dollars ka bailout package dene ko taiyaar tha Informal market mei, conversion rates alag chaal chal rahe thei, SOS- Formal Market Rate - 1 US Dollar= 1,500 Lebanese pounds Informal Market Rate - 1 US Dollar = 60,000-80,000 Lebanese pounds Multiple exchange rates aur investors ke girte confidence ke problem ko solve karne ke liye aur economy ko waapis track par laane ke liye waha ki sarkaar ne Lebanese pound ko 90% tak devalue kiya. And now the New Formal Exchange Rate is 1 US Dollar= 15,000 Lebanese pounds Thank God, We live in India!

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