The black market dollar recorded a slight increase this Tuesday morning, as it ranged between 24,800 pounds for purchase and 24,700 pounds for sale.
The Lebanese pound witnessed an improvement in its value against the US dollar, which led to a decrease in the price of bread and fuel on Friday.
Banque du Liban had previously allowed citizens to exchange the Lebanese pound for dollar from banks, in accordance with “Sayrafa” platform
The Lebanese pound has lost around 90% of its value over the last two years, pushing three-quarters of the population into poverty.
Economists warned of the repercussions of Lebanon’s crisis with the Gulf states on the Lebanese economic reality, pointing out that the productive sectors that were an input for the dollar would be affected, in addition to the closure of Saudi institutions in Lebanon.