The black market dollar exchange rate, registered for this Tuesday morning, between 26,400 Lebanese pounds for purchase and 26,500 Lebanese pounds for sale, for one dollar.
While ot registered Monday evening, between 26,500 and 26,550 Lebanese pounds
Sharp criticism was leveled at the Lebanese government’s announced proposal to enact banking reforms in collaboration with the International Monetary Fund.
On April 7, the International Monetary Fund announced that it had reached an agreement with Lebanon at the staff level regarding economic policies, in order to facilitate funding from the Fund for a period of four years.
According to a statement issued by the Fund, the Lebanese authorities, with the support of IMF experts, formulated a comprehensive economic reform program aimed at rebuilding the economy, restoring financial sustainability, enhancing governance and transparency, removing obstacles to job growth, and increasing social spending and reconstruction.