SITUATION REPORT

Lebanon: Parliament Fails to Elect President Again as Pound Hits Record Low 

Jan 19, 2023 | 17:05 GMT

Lebanon's National Assembly again failed to elect a president on Jan. 19, after it convened for the 11th time for the sole purpose of electing a new leader for the country, Reuters reported the same day. Additionally, the Lebanese pound fell to a new record low of 50,000 pounds against one U.S. dollar. ...

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