Source: Express
An explosion at a weapons cache in southern Lebanon on Saturday killed six soldiers and injured others, the Lebanese Army said in an official statement.
Saturday, August 9, 2025
The Lebanese Army on Saturday warned citizens against engaging in protests or activities that could threaten national security, citing ongoing Israeli violations and what it described as a “delicate” security situation in the country.
Saturday, August 9, 2025
Can Lebanon become a normal state again, one that makes decisions through state institutions and that respects its commitments in line with international laws? Can Hezbollah acknowledge that the “Axis of Resistance” is no more, and that it has no choice but to return to Lebanon and close the chapter of the “regional player?” Can the party agree to a lesser role for Lebanon if Iran agrees to a lesser role in the region in recognition of the new balance of power?
Tuesday, August 5, 2025
The people of Lebanon are marking five years since the Beirut port explosion of August 4, 2020 – a blast that has been described as one of the largest non-nuclear explosions in history. The detonation pulverised the port, ruined vast sections of the city and was felt as far away as Cyprus. It also claimed the lives of more than 220 people, injured more than 7,000 more and left more than 300,000 homeless.
Monday, August 4, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 2025
Monday 9 September 2024 16:30:31
One country's currency has crashed so much that just one US dollar can now purchase 89,578 of its pounds. Experts say the Lebanese Pound is the weakest currency in the world "by some margin" as it tops a hall of shame of the world's worst performing.
Andrew Michael, an expert at Forbes Advisor, said in a report on the worst performers: "The Lebanese pound is currently, by some margin, the weakest currency in the world when measured against the US dollar.
"One Lebanese pound buys $0.000011. Put another way, this means that $1 is worth 89,578 Lebanese pounds." Lebanon's economy is service-based, but the country also exports food and drinks, metals, some chemicals and precious stones.
But, bordering the Mediterranean Sea, as well as Israel and Syria, its economy has been affected harshly by the wars in Syria and more recently Gaza.
Next worst performing currency is the Iranian rial, currently worth $0.000024. Just $1 would buy 42,087 Iranian rials.
The currency emerged in the late 1700s and has been relatively static against the US Dollar for several years. Iran is a key exporter of oil and natural gas, but economic sanctions, largely from the US, have put huge pressure on its economy.
The report was compiled for those considering in investing in weaker economies, which can potentially make significant amounts if there is a rise in its value.
But, it is a risky tactic as they could remain low or even plummet further. The US dollar is the world’s most traded currency, but not the strongest, which is currently seen as the Kuwaiti dinar.
Third worst performing currency is the Vietnamese dong as each unit can only buy $0.000039. Just $1 could buy 25,442 Vietnamese dong.
It is a service led industry with electronics, energy and textiles key industries. It has been hit hard by rising interest rates in the US, restrictions on foreign exports and a slowdown in exports.
Another south-east Asian currency, the Laotian kip, is in at number four. Around since the 1950s, 1 kip is equivalent to $0.000046, so $1 is worth 21,705 kip.
Land-locked Laos relies on exports of copper, gold and timber but has slow economic growth, high inflation and rising debt.
Sierra Leone has had a currency called leone since 1964 and one unit of it gets $0.000048. So, $1 is the equivalent of 20,969 leone.
It's key exports are timber and minerals such as diamonds and gold plus industrial metals. High inflation and debt plus slow economic growth since the Ebola outbreak have kept it struggling.
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