Black-market dollar exchange rate recorded this morning between 20450 and 20550 Lebanese pounds per dollar, after it closed yesterday evening, Saturday, between 20200 and 20300 Lebanese pounds per dollar.
Lebanese banks set the black market rate at 3,850 Lebanese pounds per dollar for withdrawal transactions of small depositors, a Law that remains in effect till present.
Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.
On the other hand, the Syndicate of Money Changers in Lebanon set the black market rate between 3,850 Lebanese pounds for purchase, and 3,900 LBP for sale, as a maximum.