The black-market dollar registered a record this Friday morning, as it ranged between 24,975 Lebanese pounds for purchase and 24,925 pounds for sale.
On Wednesday, Lebanese President Michel Aoun asked the Governor of Banque du Liban to provide all the “information” and documents required from the “Alvarez and Marsal” institution in the process of forensic auditing in the governance of the Banque du Liban.
Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.
Lebanese banks set the price of 3,850 pounds to the dollar when withdrawing the dollar to small depositors, and it is still valid today.
The Syndicate of Money Changers in Lebanon fixed the pricing of the dollar exchange rate with a moving margin between the price of 3,850 pounds for purchase, and 3,900 pounds for sale, as a maximum.
The exchange rate of the dollar in the Central Bank of Lebanon remains at 1507.5 pounds per dollar.