SAWT BEIRUT INTERNATIONAL

| 6 May 2021, Thursday | النسخة العربية

Black market Dollar.. rises again

The black market dollar rose in trading today, to 12,250 Lebanese pounds from 12,200 Lebanese pounds to one dollar yesterday.

It is noteworthy that the dollar ranged on the black market throughout this week between 12,100 Lebanese pounds and 12,300 Lebanese pounds per dollar.

The high exchange rate of the dollar and the liquidity crisis, in addition to the months-long political crisis and other crises, the price of which is being paid by citizens who are suffering from the erosion of their purchasing power as a result of widespread unemployment and the loss of more than 80% of its value during this crisis, while monopolies play a major role in the high cost the living.

The high exchange rate of the dollar is accompanied by the increase in food prices, the loss of subsidized materials from the markets and their manipulation, in addition to the deteriorating security conditions, the spread of theft and insecurity in the absence of authority.