SAWT BEIRUT INTERNATIONAL

| 30 November 2021, Tuesday |

Black market dollar surges once again

On Tuesday, the black-market dollar registered an additional increase against the Lebanese pound reaching 22,800 LBP for sale, and 22,900 LBP for purchase.

The black market dollar recorded a significant increase last week, due to the successive crises in Lebanon, the latest of which was the Gulf boycott as a result of Minister of Information George Kordahi’s remarks and his insistence not to resign.

The dollar exchange rate against  on the black market on Monday, closed between 22,900 LBP for sale and 23,000 LBP for purchase.

Prime Minister Najib Mikati has launched the “a fund for rebuilding enterprises in Beirut”. The fund aims to support the recovery of small businesses that were directly affected by the Beirut Port explosion.

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.