SAWT BEIRUT INTERNATIONAL

| 1 October 2022, Saturday |

Stable weekend for black-market dollar.

Additional stability was recorded this Sunday morning, for the black-market dollar, as it ranged between 22900 Lebanese pounds for purchase and 22850 pounds for sale.

Experts had attributed the rise in the dollar exchange rate in the parallel market to two reasons. The first is the increase in demand for the dollar due to the rise in international prices, where the traders hold responsibility. The second reason is political interference in the dollar market.

In statements to the media, they pointed out that the real crisis is the scarcity of dollars, stressing the need for the government to conclude an agreement with the International Monetary Fund as soon as possible, otherwise we are on our way to the worst.

This comes amid expectations that the dollar will rise further in the coming period, because we are in competition with countries in terms of imports.

    Source:
  • Sawt Beirut International