Exchange rates are one of the most important aspects of the economic health in a country. This study examines how the political history of Lebanon and its geo-political connection to the region's turbulence, have played a major role in its current severe currency crisis. One of the study’s aims is also, to find out the reasons behind the current Lebanese political and economic crisis. The scope of this research is limited to the period 1989-2022. Using an International Political Economy IPE approach, Laissez-Faire Economy (Free Market Capitalism), and State Capture theories, the study explores ...