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Cash is king in Lebanon as banks atrophy

Cash is king in Lebanon as banks atrophy

CHTAURA — The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy U.S. dollars. “Welcome to the Wall Street of Lebanon,” grinned the storefront’s owner, a machine gun leaning on […]

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