ERASE

Currency Board: A Path to Economic Recovery in Lebanon

Today, the Lebanese pound suffers from a loss in confidence and soaring velocity. The currency has lost more than 80% of its value and Lebanon’s inflation has reached levels higher than those currently registered in Zimbabwe, Syria, or Sudan. This paper argues for establishing a currency board in Lebanon with the support of a credible international expert on currency board. More

Tags: Currency, Devaluation, Dollar, ERASE,