SAWT BEIRUT INTERNATIONAL

| 3 October 2022, Monday |

Cautious stability of the black market dollar

On Saturday morning, the black market dollar exchange rate registered between 20,425 Lebanese pounds per dollar for purchase and 20,375 LBP for sale.

The dollar exchange rate was traded between 20,250 LBP for purchase and 20,200  LBP for sale.

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 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.

The dollar exchange rate in the Central Bank of Lebanon remained at 1,507.5 pounds per dollar, and it is allocated to some basic commodities only.

    Source:
  • Sawt Beirut International