US dollar prices in Lebanon recorded a slight increase against the Lebanese pound on the unofficial black market in morning trading today, Friday, November 25, 2022.
US dollar exchange rates on the black market still vary from time to time and between exchanges, and prices may also differ from city to city, and “Safa” agency provides you with an update of the dollar exchange rate in case of decrease or increase around the clock.
The price of the dollar today in Lebanon
The price of the US dollar in Lebanon recorded a decline in black market transactions, against the Lebanese pound today, Thursday 11-24-2022, at the level of 40,000 pounds in buying and 39,800 pounds in selling, after reaching yesterday, Thursday, the level of £39,900 for buying and £39,700 for selling against the US dollar.
The price of the dollar today in the banking sector
The price of the dollar, through an exchange platform against 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 into Lebanese pounds has reached 8,000 pounds to the dollar.
The reason for the decline of the Lebanese pound against the dollar
The Lebanese pound has started to decline gradually since 2019 against the US dollar, coinciding with an acute liquidity crisis and banks have stopped providing depositors with their dollar money, while the official exchange rate is still pegged at 1507 pounds.
The Lebanese pound lost 90% of its value as the financial crash entered its third year and led to widespread poverty, paralysis of the financial system and a freeze on depositors’ savings in Lebanon’s biggest crisis since the civil war between 1975 and 1990.
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