SAWT BEIRUT INTERNATIONAL

| 23 April 2024, Tuesday |

Black market dollar registers 18,125 LBP in midst of country’s total breakdown

On the black market, the dollar exchange rate opened at 18,125 pounds for purchase and 18,175 pounds for sale per dollar on Thursday morning.

As observers predict the social situation to burst in response to the economic, social, and security collapse, the Lebanese suffer everyday from suffocating problems, most notably the lack of fuel, the loss of medicines, and exorbitant pricing.

Lebanon is undergoing a catastrophic financial crisis, which the World Bank has labeled as one of the worst in contemporary history. With the depletion of the country’s dollar reserves at the Banque du Liban, the caretaker government raised fuel prices, part of a plan to partially eliminate fuel subsidies as the country enters a cycle of prolonged economic decline.

    Source:
  • Sawt Beirut International