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Living through Hyperinflation in Lebanon

Financial Heresy

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The Rise and Fall of the Lebanese Lira

Lebanese Lira, which is their currency, was pegged to the US dollar for 20 plus years. Today, it's at $93,000 to the dollar. The Lebanese people have been living high and making good salaries compared to a lot of other Middle Eastern countries that were starting to suffer over the last couple of decades. A lot of it was built on a Ponzi scheme type thing.

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