Currency pegging

Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020. Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)
January 22, 2020 - 6:55 pm
BEIRUT (AP) — Lebanon's new government made up of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the...
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Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020. Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)
January 22, 2020 - 3:53 pm
BEIRUT (AP) — Lebanon's new government made of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...
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Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020. Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)
January 22, 2020 - 2:04 pm
BEIRUT (AP) — Lebanon's new government made of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...
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Anti-government protesters clash with the riot police, during a protest near the parliament square, in downtown Beirut, Lebanon, Sunday, Dec. 15, 2019. Lebanese security forces fired tear gas, rubber bullets and water cannons Sunday to disperse hundreds of protesters for a second straight day, ending what started as a peaceful rally in defiance of the toughest crackdown on anti-government demonstrations in two months. (AP Photo/Hussein Malla)
December 16, 2019 - 7:11 pm
BEIRUT (AP) — Supporters of Lebanon's two main Shiite groups Hezbollah and Amal clashed with security forces and set fires to cars in the capital early Tuesday, apparently angered by a video circulating online that showed a man insulting Shiite figures. Police used tear gas and water cannons trying...
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Anti-government protesters clash with the riot police, during a protest near the parliament square, in downtown Beirut, Lebanon, Sunday, Dec. 15, 2019. Lebanese security forces fired tear gas, rubber bullets and water cannons Sunday to disperse hundreds of protesters for a second straight day, ending what started as a peaceful rally in defiance of the toughest crackdown on anti-government demonstrations in two months. (AP Photo/Hussein Malla)
December 16, 2019 - 6:27 pm
BEIRUT (AP) — A group of men clashed with security forces in Beirut for the third consecutive night Monday, hours after Lebanon's president postponed talks on naming a new prime minister, further prolonging the turmoil and unrest in the Mediterranean country. President Michel Aoun postponed the...
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Riot police officers beat anti-government protesters during a protest near the parliament square, in downtown Beirut, Lebanon, Sunday, Dec. 15, 2019. Lebanese security forces fired tear gas, rubber bullets and water cannons Sunday to disperse hundreds of protesters for a second straight day, ending what started as a peaceful rally in defiance of the toughest crackdown on anti-government demonstrations in two months. (AP Photo/Hussein Malla)
December 16, 2019 - 11:48 am
BEIRUT (AP) — Lebanon's president postponed talks Monday on naming a new prime minister after the only candidate — caretaker Prime Minister Saad Hariri — failed to win the backing of the country's largest Christian groups amid a worsening economic and financial crisis. The postponement followed a...
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In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
September 04, 2019 - 9:50 am
BEIRUT (AP) — An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to...
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In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
September 02, 2019 - 2:58 pm
BEIRUT (AP) — Lebanon's political leaders declared what they called an economic state of emergency Monday following a meeting aimed at finding a solution to the country's economic crisis, raising concerns that more taxes will be imposed. Lebanon has one of the world's highest public debts in the...
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French Finance Minister Bruno Le Maire, left, shakes hands with US Treasury Secretary Steve Mnuchin next to German Finance Minister Olaf Scholz, background left, during a meeting at the G-7 Finance in Chantilly, north of Paris, on Thursday, July 18, 2019. (AP Photo/Michel Euler)
July 18, 2019 - 6:37 am
CHANTILLY, France (AP) — Top finance officials from the Group of Seven rich democracies are warning that cryptocurrencies like Facebook's Libra should not come into use before "serious regulatory and systemic concerns" are addressed. The chairman's concluding summary from the G-7 meeting in...
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Nurses holds a sign with a fake Venezuelan's bills, representing how low their salaries have been devalued by inflation, during a protests against the government of President Nicolas Maduro, in Caracas, Venezuela, Thursday, Aug. 16, 2018. The government is lopping off five zeroes from the "Strong Bolivar," which will remain legal tender, in a bid to tame inflation the IMF estimates will reach 1,000,000 percent this year. But economists see it as a Band-Aid solution more likely to freeze up the payment system than address Venezuela's economic problems. (AP Photo/Ariana Cubillos)
August 17, 2018 - 10:49 pm
CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement...
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