Originally published at: https://www.channel-sea.cc/report-lebanon-planning-to-devalue-currency-by-93-depositors-to-lose-38-billion-bitcoin-com-news/
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Bailout…