Central bank #gold demand totalled 1,136t in 2022. Not only was this the thirteenth consecutive year of net purchases, but also the second highest level of annual demand on record back to 1950, boosted by +400t demand in both Q3 and Q4. pic.twitter.com/G6J18WCCB3
— Krishan Gopaul (@KrishanGopaul) January 31, 2023
“In order to ease the impact of this shift, banks would be given five years to reconstitute the losses due to the devaluation.…”
Source: https://t.co/nXPhs6B00z
— Gold Telegraph ⚡ (@GoldTelegraph) January 31, 2023
Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years.#hyperinflation pic.twitter.com/zdq2udY7kX
— Wall Street Mav (@WallStreetMav) February 1, 2023
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