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Lebanon’s national currency has dived to a historic low of 100,000 lira against the US dollar, marking the latest grim milestone in the country's economic meltdown that has been ongoing since 2019. Earlier today the Lebanese pound – despite officially pegged at LL 15,000 to $1 USD – was trading on the black market at LL 100,000 against the greenback, dealers said. This is a dizzying plunge from LL 1,507 before the economic crisis hit in 2019. The lira’s market value was at around LL 60,000 to $1
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