Lebanon, 1st country in Middle East and North Africa to enter hyperinflation
Lebanon could face its biggest crisis since its Civil War, economists are warning as the country's currency hits new lows. Lebanon is now the first country in the Middle East and North Africa to see its inflation rate exceed 50% for 30 consecutive days, according to Steve H. Hanke, a professor of applied economics at the Johns Hopkins University.
From: ABC News
Date Posted: Jul 29, 2020