SAWT BEIRUT INTERNATIONAL

| 24 September 2022, Saturday |

Slight increase in dollar exchange rate

On Monday morning, the black market dollar exchange rate registered between 20,450 and 20,550 Lebanese pounds per dollar.

On Sunday morning, the dollar exchange rate was traded between 20,200 LBP for sale and 20,300  LBP for purchase

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.

Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.

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.

    Source:
  • Sawt Beirut International