After a string of advances, the dollar’s value decreased against the Lebanese pound today during black market trade on Saturday, October 8, 2022.
The unrest on the Lebanese exchange market is related to the nation’s political unrest as well as the ongoing effects of the terrible economic crisis it is currently going through.
The exchange rate for the dollar on Saturday, October 8, 2022 in Lebanon
Additionally, the price of a dollar today on the black market in Lebanon was 39,400 and 39,450 pounds, respectively, as opposed to 39,750 and 39,850 pounds.
On Friday, October 7, 2022, the dollar appreciated against the Lebanese pound on the underground market.
And on Friday, October 7, during morning trade, the price of the dollar on the black market in Lebanon showed 39750 pounds for purchase and 39850 pounds for sale, as opposed to 39650 pounds for purchase and 39700 pounds for sale.
At the currency exchange, the value of the US dollar against the Lebanese pound was 21,750 pounds for purchase and 21,650 pounds for sale.
Additionally, the Central Bank of Lebanon set a new exchange rate of 8000 LBP to 1 USD for withdrawals from dollar deposits.
The exchange rate between the dollar and the pound on a platform was 29 000 and 800 Lebanese pounds.
On October 6, 2022, a black market transaction saw a sharp increase in the value of the dollar relative to the Lebanese pound.
Additionally, the price of the dollar in Lebanon’s black market during Thursday’s morning trade was 39650 Lebanese pounds for purchase and 39,700 Lebanese pounds for sale, as opposed to 39250 Lebanese pounds for purchase and 39350 Lebanese pounds for sale.
The Central Bank of Lebanon had issued two urgent circulars, the first to holders of the pound from individuals and institutions who want to convert it into dollars and the second to banks, which caused a significant decline in the price of the green currency, falling from 37,000 pounds to less than 30,000 pounds. . Lebanese
The dollar’s value decreased in Lebanon today, October 8, 2022.
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