After the crazy rise, the black market dollar recorded a noticeable decline today, Wednesday, as it ranged in the morning between 26900 Lebanese pounds for sale, and 27000 Lebanese pounds for purchase.
Bnque du Liban announced, two weeks ago, a new exchange rate for withdrawing from dollar deposits in Lebanese pounds at 8000 pounds to the dollar.
Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.
Lebanese banks set the price of 3,850 pounds to the dollar when withdrawing the dollar to small depositors, and it is still valid today.
The Syndicate of Money Changers in Lebanon fixed the pricing of the dollar exchange rate with a moving margin between the price of 3,850 pounds for purchase, and 3,900 pounds for sale, as a maximum.