SAWT BEIRUT INTERNATIONAL

| 27 September 2021, Monday |

Black market dollar has dropped slightly on Saturday evening

The black market dollar exchange rate has registered between 18,900 and 19,000 Lebanese pounds per dollar on Saturday evening, after fluctuating between 19,100 and 19,200 Lebanese pounds per dollar earlier in the day.

In a report released last month, the World Bank predicted that Lebanon’s real GDP will contract by 9.5% in 2021, owing to the country’s “deep and protracted economic slump.”

According to the research, “this economic and financial crisis is likely to be ranked among the ten most catastrophic crises in the world since the mid-nineteenth century, and maybe one of the three most severe crises.”