SAWT BEIRUT INTERNATIONAL

| 25 October 2021, Monday |

Black market dollar continues to soar amid economic collapse

The black market dollar registered on Tuesday between 17,550 and 17,650 Lebanese pounds per dollar, after it closed yesterday evening, Monday, between 17,400 and 17,500 Lebanese pounds.

Lebanese banks set the black market rate at 3,850 Lebanese pounds per dollar for withdrawal transactions of small depositors, a Law that remains in effect till present.

On the other hand, the Syndicate of Money Changers in Lebanon set the black market rate between 3,850 Lebanese pounds for purchase, and 3,900 LBP for sale, as a maximum.

The dollar exchange rate in the Central Bank of Lebanon remained at 1,507.5 pounds per dollar, and it is allocated to some basic commodities only.