| 17 May 2021, Monday | النسخة العربية

Rise of the black market dollar amid intransigence of ruling authority

The price of the dollar against the Lebanese pound at the parallel market ranged between 12,200 and 12,300 pounds per dollar today, Tuesday, according to local media.

Lebanon is still suffering from an unprecedented economic crisis due to the intransigence,  greed and lack of responsibility of the ruling authority before the Lebanese, the international community and the world at large.

The exchange rate of the dollar in the Central Bank of Lebanon remained at 1507.5 pounds for every one dollar, and it is allocated for basic commodities only. Lebanese banks set the price of 3,850 pounds to the dollar, when withdrawing the dollar to small depositors a while ago, and it is still in force today.

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 3,850 pounds for purchase and 3,900 pounds for sale, as a maximum.