SAWT BEIRUT INTERNATIONAL

| 22 May 2024, Wednesday |

How much did the black market dollar register, amid crisis with Gulf countries?

On Sunday morning, the black market dollar exchange rate registered between 20,950 Lebanese pounds per dollar for sale and 21,050 LBP for purchase .

The dollar exchange rate was traded between 20,300 LBP for purchase and 20,350  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