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Reuters
Today, Friday, the dollar exchange rate in Lebanon recorded a new high, to come back and exceed the threshold of 19,000 Lebanese pounds on the black market.
The dollar trades with a margin of between 19,000 pounds buying and 19,050 pounds selling during morning trading on the parallel market.
The dollar registered a significant decline after the announcement of the formation of the government headed by Najib Mikati, and on that day the dollar exchange rate in the parallel market reached 15,700 pounds.
The dollar set a record high last July, surpassing 23,000 pounds, after Saad Hariri apologized for forming government 9 months after his appointment.
Since October 17, 2019, the Lebanese pound has lost more than 90% of its value, due to the intensification of financial and economic crises accompanied by a political crisis.
Source: RT
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