The dollar exchange rate on the black market continues to decline, as it recorded on Saturday evening, 23,000 Lebanese pounds for sale and 23,100 LBP for purchase.

Last week, the dollar exchange rate surpassed 33,000 LBP on the black-market dollar.

It is worth noting that Lebanon’s financial situation exacerbated two years ago, with the World Bank describing it as “one of the worst recessions in modern history.”

Lebanon’s Central Bank had set a new rate of 8,000 Lebanese pounds to the US dollar for withdrawals from bank deposits denominated in dollars but which can now only be accessed in the local currency.