SAWT BEIRUT INTERNATIONAL

| 18 May 2021, Tuesday | النسخة العربية

Dollar exchange rate remains stable on black market

Today, the black market dollar has remained stable, ranging from 12,075 LBP to 12,125 LBP as it was last night.

Citizens are paying the price of the high exchange rate of the dollar and the liquidity crisis, the months-long political crisis and other crises. They are are suffering from the erosion of their purchasing power as a result of widespread unemployment and the loss of more than 80% of its value during this crisis, while monopolies play a major role in the high cost the living.

The high exchange rate of the dollar is resulting in high food prices and the loss and manipulation of subsidized materials from the markets, in addition to the deteriorating security conditions, the spread of theft and insecurity in the absence of authority.