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☆ EXCLUSIVE Lebanon to slash official exchange rate from Nov. 1, finance min says
  + stars: | 2022-09-28 | by ( Laila Bassam Timour Azhari Tom Perry | Laila Bassam | Timour Azhari | ) www.reuters.com   time to read: +5 min
BEIRUT, Sept 28 (Reuters) - Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance minister told Reuters on Wednesday. The Lebanese pound has plunged by more than 95% from the official rate since Lebanon fell into financial crisis three years ago, with dollars currently changing hands at around 38,000 on a parallel market. Register now for FREE unlimited access to Reuters.com Register"The goal is for there to be a unification of the exchange rates in Lebanon," Finance Minister Youssef Khalil said, calling the decision a "fundamental step" in that direction. Unifying the numerous exchange rates operating in the country is one of several conditions set by the IMF for Lebanon to secure a badly needed aid package. Khalil noted that unification of the exchange rates was an IMF demand, but added it was also something that must happen regardless, saying the government was taking a gradual approach.
☆ Alanis Morissette's COVID-stricken musical gets new life with U.S. tour
  + stars: | 2022-09-20 | by ( Danielle Broadway Rollo Ross | Danielle Broadway | Rollo Ross | ) www.reuters.com   time to read: +2 min
While the show had to close its curtains to new audiences in New York, it’s been given a new life touring the United States and opening in London’s West End. "It was devastating, the COVID moment," Morissette told Reuters before opening night at the Pantages Theatre in Hollywood. "But at the same time the whole planet was subject to the COVID shift so we were in the pool with everybody." It can feel trippy to hear the words she wrote based on her own experiences resonate with others, she said. “Jagged Little Pill” is playing at the Pantages Theatre in Los Angeles, before touring the United States.
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