The Lebanese pound continued on the decline.
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Once the strongest currency in the Middle East, the pound crashed through the 100 barrier against the dollar, adding fuel to the economic crisis in a country long racked by civil war. The pound closed at a record low of 103 to the dollar, and has now lost more than 82% of its international value since January, 1986, with dealers blaming continued uncertainty over Lebanon’s 11-year-old civil war.
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