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Lebanon tied to strengthening dollar?

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  • Sat, Mar 28, 2020 - 10:28pm

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    back2basics

    back2basics

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    Lebanon tied to strengthening dollar?

I came across this clip about protests going on in Lebanon. They seem to be having serious economic and political problems there with people taking to the streets regarding it.  I recall this being in the news for the last year as a minor headline. Chris has mentioned looking to the outside going in, which if I understand correctly means  incidents of economic pain occuring in smaller countries or entities that then spread to the core. I really have no idea what I’m talking about here, rather just taking a guess and saying that the Lebanese government has a decent amount of dollar denominated debt and are being squeezed accordingly as the dollar strengthens. Again, really not sure but just a thought. Regardless, more instability in the middle east…Chime in.

 

https://www.facebook.com/VICE/videos/223115509057260/

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