The black market dollar recorded a slight decline today, Tuesday, with the advent of the holy month of Ramadan. The black market dollar scored 12,400 Lebanese pounds to buy and 12,350 for sale.

Lebanon is still suffering from a foreign exchange crisis and a sharp decline in the value of the lira. The situation has worsened during the recent period until some major foreign banks started boycotting the Central Bank of Lebanon.

The exchange rate of the dollar at the Central Bank of Lebanon remained at 1507.5 pounds per one dollar, and it is allocated for basic commodities only. Lebanese banks set the price of 3,850 pounds to the dollar, when withdrawing the dollar to small depositors a while ago, and it is still in force today.

The Syndicate of Money Changers in Lebanon confirmed the pricing of the dollar exchange rate against the Lebanese pound with a moving margin between the price of 3,850 pounds for purchase and 3,900 pounds for sale, as a maximum.

Source : Sawt Beirut International