An IMF working paper has recommended Lebanon and Jordan carefully consider pegging their currencies to the euro or for a peg to a basket of currencies, as opposed to the current US dollar peg. "Both Lebanon and Jordan are vulnerable to a number of real and external shocks, which may increase in importance over time", the paper warns.
Source: Daily Star
A senior researcher at the International Monetary Fund (IMF) independently recommended Lebanon and Jordan not to peg their currencies to the US
Back to Top