The price of the dollar against the Lebanese pound fell today, Sunday, on the informal (black) parallel market by about 25 pounds.
Lebanon is living under the weight of accumulated debt and is facing the worst crisis of the civil war that lasted from 1975 to 1990, which undermined the currency and led to a significant increase in prices.
Lebanon has made no progress in talks on forming a new government following the resignation of the current government last August, following a massive explosion in the port of Beirut.
The cost of the port disaster
Lebanon needs more than $ 2.5 billion to overcome the aftermath of a horrific explosion at a port in Beirut, according to what the World Bank Group, the United Nations and the European Union announced last Friday during the launch of the 18-month reform framework , recovery and reconstruction.
The three donors, who held a press conference at United Nations headquarters in Beirut four months after the blast, assessed the value of the priority needs of the citizen-focused restoration path in this context, estimated at $ 584 million. , of which $ 426 million for the first ”
“The cost of reform and reconstruction in this context is estimated at $ 2 billion,” she said.
A blast at the port on August 4 killed more than 200 people and injured more than 6,500 others. It severely damaged the port and several neighborhoods in the capital, displacing tens of thousands of families from their homes that were damaged or destroyed.
The dollar price on the unofficial (black) parallel market recorded 8150 pounds for redemption and 8200 pounds for sale, compared to 8175 pounds for redemption, and 8225 pounds for sale, yesterday.
The Central Bank of Lebanon set the dollar exchange rate at 1507.5 pounds, and this price applies only to imports of fuel, medicine and wheat.
Banks set the price at 8 3,850 per dollar when withdrawing dollars from small savers.
The Lebanese Money Changers’ Association has confirmed the exchange rate of the Lebanese pound against the Lebanese pound with a floating margin between the price of 50 3,850 for redemption and 00 3,900 for sale, as a maximum.