SAWT BEIRUT INTERNATIONAL

| 14 April 2024, Sunday |

Black market dollar registers new hike

The black market dollar continues to rise and fluctuate.

This morning, Saturday 11/2/2023, the dollar recorded 65,300 Lebanese pounds for purchase and 65,000 Lebanese pounds for sale.

In this context, a member of the Economic and Social Council, Dr. Anis Bou Diab, said, in an interview with Al-Anbaa, that what is happening in the market is a natural result of political confusion, judicial chaos and financial sanctions imposed in recent days.

But at the same time, Bou Diab asked about the reasons for stopping the rise in the exchange rate at a certain limit and its decline, even before announcing the tripartite meeting.

Regarding the measure expected to be taken by the Banque du Liban on Monday to curb the exchange rate, Bou Diab advised not to pump more dollars into the markets, because that would be an inappropriate drain, and he stressed that what is required is political measures, not circulars.

 

    Source:
  • Sawt Beirut International