Despite the government’s cloudy atmosphere, the dollar continues to decline

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The black market dollar continues to decline despite the return of the pessimistic atmosphere in the file of government formation. Today, Friday, the dollar recorded 18,700 Lebanese pounds for purchase and 18,600 Lebanese pounds for sale.

The Lebanese are facing the worst financial and economic crisis in the modern history of Lebanon, and with it the ability of the Banque du Liban to meet the subsidies of medicines, basic materials and fuels has declined, which has led to a decrease in their stocks, and the unavailability of fuels in most of the gas stations, a large part of which was closed.

The country is suffering from what the World Bank described as one of the deepest recessions recorded in modern times, which has led to the local currency losing more than 90 percent of its value and pushing more than half of the population into poverty.

The financial collapse in Lebanon in particular was reflected in a severe fuel shortage, which led to the suspension of many aspects of daily life.

The Lebanese banks set the price of 3850 pounds to the dollar, when withdrawing the dollar to small depositors, and this has been going on for a while, and it has been in effect until today.

On the other hand, the Syndicate of Money Changers in Lebanon confirmed the pricing of the dollar exchange rate against the Lebanese pound, with a moving margin between the price of 3850 pounds for purchase, and 3900 pounds for sale, as a maximum.

The exchange rate of the dollar in the Central Bank of Lebanon remained at 1507.5 pounds per dollar, and it is allocated to some basic commodities only.







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