| 22 May 2024, Wednesday |

The dollar reaches 12000 on the black market.

The price of the dollar on the black market reached 12,000 pounds per dollar buying and 11,900 selling.

The exchange rate of the dollar against the pound on the black market this morning was between 11,300 and 11,350 pounds per dollar

The new rise in the dollar’s exchange rate comes with the exacerbation of the liquidity crisis exacerbated by the Corona pandemic, coinciding with the months-long political crisis that has been preventing the formation of a new government with the escalation of the rhetoric of division between Saad Hariri and President Michel Aoun in recent days.

Meanwhile, afflicted citizens are suffering as their purchasing power has eroded as a result of widespread unemployment and a loss of more than 80% of its value during this crisis, while monopolies play a major role in the high cost of living.