| 18 May 2024, Saturday |

After a period of downturn, black market dollar is once again soaring

On Monday morning, the black market dollar registered between 19,100-19,200 Lebanese pounds.

The dollar exchange rate in the black market declined Friday afternoon, to 18,850-18,900 Lebanese pounds per US dollar, after ranging between 19,100-19,200 Lebanese pounds per US dollar in the morning.

When withdrawing dollars from small depositors a while back, Lebanese banks have set the price of 3,850 pounds to the dollar, which is still in effect today.

The Syndicate of Money Changers in Lebanon, on the other hand, has set the dollar exchange rate against the Lebanese pound, with a maximum moving margin of 3,850 Lebanese pounds for purchase and 3,900 Lebanese pounds for sale.

The dollar’s exchange rate at the Central Bank of Lebanon remained unchanged at 1507.5 pounds per dollar, and it is only used to purchase basic commodities.

  • Sawt Beirut International