SAWT BEIRUT INTERNATIONAL

| 21 February 2024, Wednesday |

Black market dollar registers 27,850-27,900 LBP on Monday morning

On Monday morning, the black market dollar exchange rate registered 27,850 Lebanese pounds for sale and 27,900 LBP for purchase.

Sharp criticism had been leveled at the Lebanese government’s proposed plan to implement banking reforms in collaboration with the International Monetary Fund.

The government, for its part, had reservations about the plan’s details during negotiations with the IMF, but some provisions began to leak to the media.

On April 7, the International Fund announced that it had reached an agreement with Lebanon on economic policies at the staff level in order to facilitate Fund funding for a four-year period.

According to an IMF statement, the Lebanese authorities developed a comprehensive economic reform program with the assistance of IMF experts aimed at rebuilding the economy, restoring financial sustainability, improving governance and transparency, removing barriers to job growth, and increasing social spending and reconstruction.

    Source:
  • Sawt Beirut International