Today, Friday, November 25, 2022, the prices of the US dollar in Lebanon witnessed a slight increase once morest the Lebanese pound on the unofficial black market, in early morning trading.
The exchange rates of the US dollar on the black market still vary from time to time and between one exchanger and another, and prices may differ from one city to another as well, and the “Safa” agency provides you with an update of the dollar exchange rate in the event of a decrease or rise around the clock.
The price of the dollar today in Lebanon
The price of the US dollar in Lebanon recorded a decrease in black market transactions, once morest the Lebanese pound today, Thursday 11-24-2022, to the level of 40,0000 pounds for purchase, and 39,800 pounds for sale, following it reached yesterday, Thursday, the level of 39,900 pounds for purchase, and 39,700 pounds for sale once morest U.S. dollar.
The price of the dollar today in banking
The price of the dollar, through an exchange platform once morest the pound, stabilized at 30,300 Lebanese pounds per dollar, according to the exchange rates of the operations carried out by banks and exchange institutions on the platform.
The price of the dollar today in the Bank of Lebanon
The Central Bank of Lebanon announced that the exchange rate of withdrawals from dollar deposits in Lebanese pounds reached 8,000 pounds per dollar.
The reason for the decline of the Lebanese pound once morest the dollar
The Lebanese pound began to gradually decline since 2019 once morest the US dollar, coinciding with an acute liquidity crisis and banks stopping providing depositors with their money in dollars, while the official exchange rate is still fixed at 1507 pounds.
The Lebanese pound lost 90% of its value, due to the financial collapse, which entered its third year and led to widespread poverty, paralysis in the financial system, and the freezing of depositors’ savings in the largest crisis in Lebanon since the civil war between 1975 and 1990.
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