The exchange rate of black-market dollar recorded today, “15540 Lebanese pounds for purchase – 15590” Lebanese pounds for sale per dollar.
Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest depression in modern history. Foreign reserves used to subsidize basic commodities such as fuel, medicine and wheat are depleted while commodity shortages have worsened in recent weeks, and the economic collapse coincides with disagreements among politicians over the formation of a new government.
Dollar exchange rate at Banque du Liban remains at 1507.5 Lebanese pounds per dollar, and it is allocated to basic commodities only. The Governor of the Banque du Liban, Riad Salameh, announced that the Central Bank will sell US dollars to participating banks on the “Sayrafa” exchange platform at a price of 12,000 pounds per dollar. To be sold by banks at 12,120 pounds per dollar.