SAWT BEIRUT INTERNATIONAL

| 27 September 2021, Monday |

Black market dollar rises again

The exchange rate of the dollar on the black market recorded this morning between 18,900 and 19,000 Lebanese pounds per dollar.

The exchange rate recorded yesterday between 16,500 and 16,600 Lebanese pounds per dollar, after Prime minister designated Najib Mikati was assigned to form a new government.

Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.

Lebanese banks set, a while ago, the price of 3,850 pounds to the dollar when withdrawing the dollar to small depositors, and it is still valid today.

The Syndicate of Money Changers in Lebanon fixed the pricing of the dollar exchange rate with a moving margin between the price of 3,850 pounds for purchase, and 3,900 pounds for sale, as a maximum.

The exchange rate of the dollar in the Central Bank of Lebanon remains at 1507.5 pounds per dollar.