| 18 May 2024, Saturday |

Total and comprehensive collapse pushing Lebanese pound downward, and dollar upward.

Black-market dollar keeps on recording new hits, in light of the complete and comprehensive collapse Lebanon has been suffering for months. The dollar exchange rate on the black- market recorded this morning, between 19,200 and 19,300 Lebanese pounds per dollar

Last Wednesday, fuel prices in Lebanon rose for the third time in a week, and the crisis of car queues in front of petrol stations continues as Lebanon is experiencing a violent economic collapse that threatens its stability. The World Bank described the crisis as the deepest in modern history.

Lebanese banks set, a while ago, the price of 3,850 pounds to the dollar when withdrawing the dollar to small depositors, and it is still valid today.

The Syndicate of Money Changers in Lebanon fixed the pricing of the dollar exchange rate with a moving margin between the price of 3,850 pounds for purchase, and 3,900 pounds for sale, as a maximum.

The exchange rate of the dollar in the Central Bank of Lebanon remains at 1507.5 pounds per dollar.