SAWT BEIRUT INTERNATIONAL

| 23 October 2021, Saturday |

Dollar registers additional hike on black market

On Wednesday morning, the dollar exchange rate against the Lebanese pound rose again on the black market reaching 20,050 LBP for sale and 20,100  LBP for purchase.

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 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.