SAWT BEIRUT INTERNATIONAL

| 24 May 2024, Friday |

Slight decline in black-market dollar

The black-market dollar exchange rate against the Lebanese pound ranged today, Friday, between 20,300 and 20,350 pounds per dollar, compared to 20,450 and 20,500 pounds per dollar, at the end of Thursday’s trading.
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.