Lebanon’s 90% Devaluation Turns Into a Stealth Liquidity Squeeze
Lebanon’s first official devaluation in a quarter century has created a severe liquidity squeeze, as lenders scour for local currency in a country already wracked with a strike by bankers and a crackdown on exchange shops.
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### Instruction: Lebanon’s 90% Devaluation Turns Into a Stealth Liquidity Squeeze

### Response: Lebanon’s first official devaluation in a quarter century has created a severe liquidity squeeze, as lenders scour for local currency in a country already wracked with a strike by bankers and a crackdown on exchange shops.