| 22 May 2024, Wednesday |

Crisis-hit Lebanese pound hits new low of 20,630 per dollar

The black market dollar exchange rate registered on Sunday morning between 20,630 and 20,680 Lebanese pounds per dollar, after closing between 20,700 and 20,800 Lebanese pounds yesterday evening, Saturday.

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.

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.

  • Sawt Beirut International