The black market dollar registered on Wednesday morning 30,900 Lebanese pounds for purchase and 30800 Lebanese pounds for sale.

According to the exchange rates of operations carried out by banks and exchange institutions on the platform, “the trade volume on the Sayrafa platform has reached 34 million US dollars for today, at a rate of 23,500 Lebanese pounds per dollar.”

Following rounds of discussions with the Lebanese side, the head of the International Monetary Fund team said on April 7 that a preliminary agreement on a $3 billion four-year aid plan had been achieved with Lebanon.

However, he emphasized that the assistance plan’s acceptance by the fund’s management and board of directors is contingent on “the completion of all preceding processes and the confirmation of financial support for foreign partners.”

Since the fall of 2019, Lebanon has seen an economic collapse as a result of decades of mismanagement and the political class’s predilection for quotas and agreements over fundamental improvements in administrations and service facilities.