Calclation for Lebanon is wrong

TheEconomist / big-mac-data

Data and methodology for the Big Mac index

https://www.economist.com/bigmac

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Calclation for Lebanon is wrong #22

Closed Ltty closed 3 years ago

Ltty commented 3 years ago

According to the conversion data for Lebanon, a big mac would cost +30 dollars in Lebanon. I think there's something wrong with the dollar conversion rate as well as the local currency.

roxwillis commented 3 years ago

We are using a black market exchange rate for Lebanon: 22,000 per $. You can read more here: https://www.economist.com/finance-and-economics/2021/07/24/what-the-big-mac-index-says-about-the-dollar-and-the-dong