Exchange rate increases – Prices follow

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September 21, 2020

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Mish ma32ool

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OpenEdition


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troc

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Orient-Institut Beirut, « Exchange rate increases – Prices follow », Mish ma32ool, ID : 10670/1.toqh4u


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Abstract 0

Exchange rate increases Prices follow Fatih Ermis After remaining stable for over twenty years, the Lebanese currency started deviating from the fixed 1 USD = 1507 LBP exchange rate in September 2019. The relative price stability of the last two decades also faltered, which comes as no surprise, as Lebanon imports ten times as much as it exports. As will be discussed below, the price increases are lower than the increase in the exchange rate. This is especially the case for domestic goo...

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