SAWT BEIRUT INTERNATIONAL

| 19 May 2024, Sunday |

Black-market dollar, stable.

Black-market dollar stayed stable today, Saturday, after a noticeable decline recorded last week. The dollar ranged between 16,200 Lebanese pounds for purchase and 16,100 Lebanese pounds for sale.

On the other hand, Lebanon is witnessing an economic collapse, which the World Bank described as one of the most difficult recessions in modern history. Three-quarters of its population has plunged into poverty and its currency has lost 90 percent of its value in the past two years.

It is noteworthy that the Lebanese government headed by Najib Mikati is seeking to obtain the support of the International Monetary Fund in less than 8 months before the start of the elections.
Lebanese banks set the price of 3850 pounds to the dollar, when withdrawing the dollar to small depositors, and this has been going on for a while, and it has been in effect until today.

Lebanese banks set 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.