| 5 March 2024, Tuesday |

black-market dollar getting “insane” amidst ” Hellish Collapse”

The Black- market dollar is still being manipulated without any accountability, in light of the comprehensive economic collapse that Lebanon is witnessing today, the black-market dollar recorded 16,250 Lebanese pounds for purchase and 16,200 pounds for sale.

An economic source confirms that the situation is heading towards a severe collapse if a government is not formed as soon as possible, and resorting to the World Bank to approve a comprehensive rescue plan.

Lebanese banks set the price of 3850 L.L, pounds per dollar when withdrawing by small depositors

On the other hand, the Syndicate of Money Changers in Lebanon set the dollar exchange rate to the Lebanese pound, with a moving margin between 3850 pounds for purchase, and 3900 pounds for sale.

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.