Lebanon could see a 93% devaluation of its currency as part of a government plan seen by Reuters to tackle the country’s devastating economic and financial crisis. The plan includes converting around three-quarters of the country’s USD 104 bn in hard currency deposits into LBP, at rates that could wipe 75% off some of them. Depositors would be paid back within 15 years. A credible fiscal plan is required for the country to receive emergency assistance from the IMF, with which it began talks late last month.

Sudan has hiked fuel prices by around 15%, increasing economic hardship in a nation struggling with the loss of USD bns in foreign aid, which was suspended following October’s military coup, Bloombergreports.

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