In July 2021, which country’s currency lost more than 90 percent of its value as gas, electricity, food, and medicine are in short supply?
- A) Zimbabwe
- B) Venezuela
- C) Lebanon
- D) Turkey
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Correct Answer is Lebanon.
In July 2021, Lebanon country’s currency lost more than 90 percent of its value as gas, electricity, food, and medicine are in short supply. Lebanon is suffering from what the World Bank has labeled one of the most severe global financial crises since the mid-19th century. The Lebanese currency has lost more than 90 percent of its value since late 2019, when the country’s economic and financial crisis erupted.
Hezbollah still controls political decisions, and there are no dollars in the imports market.” Balaa said: “The rise of the dollar exchange rate during the weekend may have been contrived, but the black market is chaotic in the absence of an executive tool to control it and prevent cybercrimes.”
All Quiz Answers
Answer 1: Meghalaya
Answer 2: Julian Assange
Answer 3: Lebanon
Answer 4: Sun
Answer 5: Hot air balloons
