Economy / FinanceMiddle East

Lebanese currency hits record low on the Black Market


Lebanese currency drops and the dollar exchange rate exceeds 10,000 pounds to the dollar and surpassed it in some regions of Lebanon, as reported by some platforms that are trading. Due to the increase, the semi-fixed margin that oscillated between 8,000 and 8,500 has been broken in recent weeks, rising to around 1,500 pounds in a few days. Hours earlier, the dollar exchange rate rose against the pound sterling during unofficial parallel market transactions following the easing of the closure measures. The dollar on the black market ranged between 9,800 and 9,850 pounds to the dollar, according to local media reports. The record…

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