About: http://data.cimple.eu/news-article/5ca9918a0f4347f86caf811371c156cd6151bc3654dcd7ce95450892

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/5ca9918a0f4347f86caf811371c156cd6151bc3654dcd7ce95450892 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Lebanon's central bank on Friday sought to rein in exchange rates and enforce a cap on the local currency in the parallel market to contain its unofficial devaluation. Central bank chief Riad Salameh asked "all exchange offices, under pain of legal or administrative sanctions, to commit exceptionally to a maximum buying price for foreign currency in Lebanese pounds of no more than 30 percent above the exchange rate set by the central bank to deal with lenders". The official exchange rate has stood at 1,507 Lebanese pounds to the dollar for decades, but the value of the local currency has plummeted to more than 2,600 on the black market. Money changers in protest-hit Lebanon had agreed in January to cap the dollar exchange at 2,000 pounds, but the move has failed to stem spiralling rates. Friday's central bank order, which reinforces the January agreement, is to apply for the next six months, according to the statement carried by state-run National News Agency. Debt-ridden Lebanon is facing its most serious economic crisis since the end of its 1975-1990 civil war. Banks have increasingly limited dollar withdrawals and transfers abroad to stem a severe liquidity crisis, even as the tanking economy has caused businesses to slash salaries, fire staff, or close. The country has been rocked by unprecedented, nationwide protests in recent months, led by young people who blame government corruption and incompetence for the lack of jobs and basic services. lar/ah/lg/cm
schema:headline	Lebanon moves to stem spiralling unofficial exchange rate
schema:mentions	Central bank Rein Black market Syrian Civil War Exchange rate Lebanon Pain Currency United States dollar Fire staff Riad Salamé Grey market Liquidity crisis Devaluation Interest rate cap and floor Lebanese pound Spiralling
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software