Archive List for lira

Lebanese lira hits all-time low as economic crisis deepens

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AlJazeeraEnglish

Lebanon’s currency, the lira, has lost about 95 percent of its value since the start of the country’s economic meltdown in 2019. It is now trading at close to 50,000 to $1. Instead of implementing much-needed reforms, the political elite is accused of creating a confusing exchange rate system that is hurting people who rely on it the most. Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News #Lebanon #Beirut #lira #currency #economy #reforms #politics #crisis

Lira crash slams Turkey’s factories, farmers and retailers

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AlJazeeraEnglish

Turkey’s president has outlined government plans to salvage the economy after the value of the Turkish lira sank to a new record low. Recep Tayyip Erdogan says low-interest rate loans and employer incentives will boost production. But high inflation is pushing up the cost of goods and making manufacturing more expensive. Al Jazeera’s @Sinem Koseoglu reports from Istanbul, Turkey. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Turkey #Lira

Lebanon bread price rises for the first time in 10 years

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AlJazeeraEnglish

The price of bread in Lebanon has increased for the first time in 10 years, as the collapsing local currency causes food prices to soar. The lira has lost more than 80 percent of its value on the black market in the last eight months. The drop in value is part of a wider economic crisis in the import-dependent country. Al Jazeera’s Zeina Khodr reports from Beirut. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Lebanon