Lebanese central bank blames Google, FB for cur…
Lebanon's central bank, the Banque du Liban, on Friday took aim at tech giants Google and Facebook as the country's currency hit a new record low on the black market, plunging to 25,000 Lebanese pounds against one US dollar. This is nearly 17 times less than The official rate set by the bank, which is 1,500 Lebanese pounds to the dollar. The Banque du Liban said that currency trading apps advertising black market exchange rates for the Lebanese pound were behind the latest fall in the national currency's value, and blamed Google and Facebook for not shutting them down. “Many of [the currency t… → Continue reading
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