Economy

Collapse of the Lebanese Lira Against the Dollar Today in Lebanon 01-03-2021

Collapse of the Lebanese Lira Against the Dollar Today in Lebanon 01-03-2021

Today, the dollar price in the black market in Lebanon is 9,950 Lebanese pounds for buying and 10,000 Lebanese pounds for selling.

The dollar price at the Central Bank of Lebanon is 1,507.5 pounds per dollar, and this rate is allocated only for basic goods. Meanwhile, the dollar price in Lebanese banks is set at 3,850 pounds per dollar, applicable for small depositors withdrawing dollars, a rate still in effect today. Additionally, the dollar price remains stable at the money changers' syndicate in Lebanon, pricing the dollar against the Lebanese pound with a fluctuating margin between 3,850 pounds for buying and a maximum of 3,900 pounds for selling.

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