The Lebanese pound has stabilized at its exchange rate against the US dollar, which lasted from last Thursday to Saturday, October 31, during the trading that began in the morning on the black market in Lebanon.
The exchange rate of the Lebanese pound against the US dollar
According to transactions, the US dollar was recorded at market The black price ranged between 6,600 pounds for buying 6,800 pounds for sale, while last Wednesday it was between 6,800 pounds for buying and 7,000 pounds for sale.
The Syndicate of Money Changers in Lebanon announced pricing the exchange of the US dollar against the Lebanese pound with a moving margin between buying at 3,850 pounds and selling at a maximum price of 3,900.
The European euro exchange rate was traded between 7,705 pounds to buy 7,939 pounds for sale, while the sterling recorded 4,639 pounds to buy 4,780 pounds for sale.
The parallel market is witnessing several fluctuations in foreign exchange rates and a significant drop in the past few days, especially after Saad Hariri was appointed to form the new government, after he obtained the votes of 64 parliamentarians.