{"id":12787,"date":"2023-01-31T17:04:29","date_gmt":"2023-01-31T17:04:29","guid":{"rendered":"https:\/\/gulftimes.ae\/lebanon-to-devalue-currency-by-90-on-feb-1-central-bank-chief\/"},"modified":"2023-01-31T17:04:29","modified_gmt":"2023-01-31T17:04:29","slug":"lebanon-to-devalue-currency-by-90-on-feb-1-central-bank-chief","status":"publish","type":"post","link":"https:\/\/gulftimes.ae\/?p=12787","title":{"rendered":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div class=\"field field-name-field-publication-date field-type-datestamp field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">Tue, 2023-01-31 20:01<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>\n\tBEIRUT: Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, Riad Salameh, the central bank governor, said.\u00a0<\/p>\n<p>\n\tThe new rate marks a 90 percent devaluation from its current official rate. The shift from the old rate of 1,507 to 15,000 is still far off the parallel market, where the pound was changing hands at around 57,000 per dollar on Tuesday.<\/p>\n<p>\n\tThe change will apply to banks, Salameh said, leading to a decrease in the equity of the institutions at the center of the country\u2019s 2019 financial implosion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-field-binary field-type-image field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above\">\n<div class=\"field-label\">Main category:&nbsp;<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\">Business &amp; Economy<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.arabnews.com\/node\/2242356\/business-economy\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tue, 2023-01-31 20:01 BEIRUT: Lebanon will adopt a new official exchange rate of 15,000 pounds per&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-12787","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lebanon to devalue currency by 90% on Feb. 1: Central bank chief - Gulf Times | News by the minute<\/title>\n<meta name=\"description\" content=\"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabnews.com\/node\/2242356\/business-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief\" \/>\n<meta property=\"og:description\" content=\"Gulf News| UAE&#039;s Largest News aggregator site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arabnews.com\/node\/2242356\/business-economy\" \/>\n<meta property=\"og:site_name\" content=\"Gulf Times | News by the minute\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/100084981843786\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T17:04:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg\" \/>\n<meta name=\"author\" content=\"gulftimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:site\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gulftimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief - Gulf Times | News by the minute","description":"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy","og_locale":"en_US","og_type":"article","og_title":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief","og_description":"Gulf News| UAE's Largest News aggregator site","og_url":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy","og_site_name":"Gulf Times | News by the minute","article_publisher":"https:\/\/www.facebook.com\/100084981843786","article_published_time":"2023-01-31T17:04:29+00:00","og_image":[{"url":"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg","type":"","width":"","height":""}],"author":"gulftimes","twitter_card":"summary_large_image","twitter_creator":"@Gulftimesuae","twitter_site":"@Gulftimesuae","twitter_misc":{"Written by":"gulftimes","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#article","isPartOf":{"@id":"https:\/\/gulftimes.ae\/?p=12787"},"author":{"name":"gulftimes","@id":"https:\/\/gulftimes.ae\/#\/schema\/person\/4c5b0f90aae48bb43165ee6e39ddc977"},"headline":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief","datePublished":"2023-01-31T17:04:29+00:00","mainEntityOfPage":{"@id":"https:\/\/gulftimes.ae\/?p=12787"},"wordCount":112,"commentCount":0,"publisher":{"@id":"https:\/\/gulftimes.ae\/#organization"},"image":{"@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#primaryimage"},"thumbnailUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.arabnews.com\/node\/2242356\/business-economy#respond"]}]},{"@type":"WebPage","@id":"https:\/\/gulftimes.ae\/?p=12787","url":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy","name":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief - Gulf Times | News by the minute","isPartOf":{"@id":"https:\/\/gulftimes.ae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#primaryimage"},"image":{"@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#primaryimage"},"thumbnailUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg","datePublished":"2023-01-31T17:04:29+00:00","description":"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia","breadcrumb":{"@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.arabnews.com\/node\/2242356\/business-economy"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#primaryimage","url":"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg","contentUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/2023\/01\/31\/3655431-1518817777.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.arabnews.com\/node\/2242356\/business-economy#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gulftimes.ae\/"},{"@type":"ListItem","position":2,"name":"Lebanon to devalue currency by 90% on Feb. 1: Central bank chief"}]},{"@type":"WebSite","@id":"https:\/\/gulftimes.ae\/#website","url":"https:\/\/gulftimes.ae\/","name":"Gulf Times | News by the minute","description":"Largest News Aggregator in the Gulf","publisher":{"@id":"https:\/\/gulftimes.ae\/#organization"},"alternateName":"Gulf News Aggregator","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gulftimes.ae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gulftimes.ae\/#organization","name":"Gulf Times","url":"https:\/\/gulftimes.ae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gulftimes.ae\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Gulf Times"},"image":{"@id":"https:\/\/gulftimes.ae\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/100084981843786","https:\/\/x.com\/Gulftimesuae"]},{"@type":"Person","@id":"https:\/\/gulftimes.ae\/#\/schema\/person\/4c5b0f90aae48bb43165ee6e39ddc977","name":"gulftimes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","caption":"gulftimes"},"sameAs":["https:\/\/gulftimes.ae"],"url":"https:\/\/gulftimes.ae\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts\/12787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12787"}],"version-history":[{"count":0,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts\/12787\/revisions"}],"wp:attachment":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}