| 13 April 2024, Saturday |

Black-market dollar keeps its soaring madness

The exchange rate of the dollar on the black-market dollar exchange rate for Saturday morning, recorded between 22,300 Lebanese pounds for purchase and 22,400 pounds for sales.

The Lebanese suffer daily from suffocating crises, most notably the scarcity of fuel, the loss of medicines and the high prices, as analysts expect the social situation to explode as a result of the economic, social and security collapse.

Lebanon is grappling with a severe financial crisis, described by the World Bank as one of the deepest recessions in modern history. The caretaker government raised fuel prices, in a move that comes within the framework of partially lifting fuel subsidies with the depletion of the dollar reserves at the Banque du Liban, while the country plunges into a cycle of prolonged economic collapse.