SAWT BEIRUT INTERNATIONAL

| 29 November 2021, Monday |

“Hysterical” increase of black-market dollar

The dollar continued to rise on the black market, exceeding 24,000 pounds, and reached afternoon 23975-24025 Lebanese pounds per US dollar.
The black market dollar in the morning ranged between 23,680 and 23730 Lebanese pounds per US dollar.
Lebanon is in the midst of its greatest financial crisis in history, and the IMF accord is considered as the only chance to receive aid and save the country.
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.