SAWT BEIRUT INTERNATIONAL

| 8 December 2021, Wednesday |

Lebanese national currency keeps dropping against US Dollar

The black market exchange rate registered on Thursday morning between 24,200 -24,250 Lebanese pounds.

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.