The price of the dollar in Lebanon stabilized at a record high level once morest the lira during today’s trading, Wednesday, December 14, 2022, on the black market, so that the lira continues its dull performance.
The World Bank expected that the real gross domestic product of Lebanon’s economy, which measures the total value of the country’s economy, would contract in Lebanon by 5.4% in 2022, amid political paralysis and delays in implementing the economic recovery plan.
The World Bank revised its estimate of the contraction of the Lebanese economy in 2021 to 7%, from a previous estimate of 10.4%.
But his estimate of the 2020 contraction remained the same at 21.4%.
The exchange rate of the dollar today in Lebanon
The official exchange rate for the dollar is 1,507.5 pounds to the dollar, according to Central Bank of Lebanon data, but this rate is almost no longer applied, except in a very limited range of government-sponsored funds for certain necessary purposes.
The price of the dollar today in Lebanon, the black market
The exchange rate of the dollar stabilized today on the black market at 42,800 thousand pounds for purchase and 42,900 thousand pounds for sale, according to the “Lira REIT” website.
The exchange rate of the dollar in Lebanon today at the cashiers
And on the “Sarfa” platform, the price of the dollar jumped today to 30,600 pounds, compared to 30,500 pounds, yesterday.
And for transfers, the price of the dollar recorded 41,000 pounds.
In banks, the price of the dollar was recorded at 8,000 pounds.
Hope in the gas
And yesterday, Total Energies said that it is working to start exploration within the framework of its offshore gas project in Block No. 9 in Lebanon, starting next year, adding that it will most likely choose the supplier for a new drilling rig in the first quarter of 2023.
“Orders have been placed with suppliers for the required equipment,” the company added in a statement.
Total said that its CEO and Chairman of the Board of Directors, Patrick Pouyanné, confirmed these goals when he met recently with the Minister of Energy in the Lebanese caretaker government, Walid Fayyad, at the company’s headquarters in Paris.
The French oil and gas giant in October reached an agreement with the Lebanese government over the fate of the gas field, as a landmark maritime border agreement with Israel comes into effect.
Areas off the eastern coast of the Mediterranean have seen significant gas discoveries in the past decade. Interest in these areas has increased since the Russian-Ukrainian war disrupted flows.
A consortium comprising France’s Total Energies, Italy’s Eni and Russia’s Novatec obtained an initial license to explore in Block No. 9, but the deal was restructured following Novatec left the group as a result of the war in Ukraine.
