The price of the dollar in Lebanon today, Thursday, October 14, 2021… a new leap

The price of the dollar in Lebanon today, Thursday, October 14, 2021… a new leap
The price of the dollar in Lebanon today, Thursday, October 14, 2021… a new leap

The price of the dollar in Lebanon jumped during trading today, Thursday, October 14, 2021, to range between 20450 and 20500 pounds per dollar.

The price of the dollar in this market today ranged between 20450 and 20500 pounds per dollar.

The price of domestic gas and diesel in Lebanon jumped this week, after the subsidy was lifted permanently, to be sold at the black market dollar price.

The Lebanese Ministry of Energy acquiesced to the requests of companies importing domestic gas and issued a decision in which it raised the selling price of diesel by 18,700 pounds per canister of diesel, and gas by 14,800 pounds per “bottle”, so that the prices are as follows: diesel oil or diesel plates by 226,600 pounds after it was 207900 pounds, and gas by 193600 pounds. pounds after its price was 178800 pounds.

The Lebanese market is witnessing a suffocating domestic gas crisis, after the distributing companies refrained from supplying the market after they were suddenly notified by the Central Bank of Lebanon to lift the subsidy permanently.

The price of the dollar in Lebanese banks

The Lebanese banks set the price of 3850 pounds to the dollar, when withdrawing the dollar to small depositors, and this has been going on for a while, and it has been in effect until today.

The price of the dollar today in Lebanon at the money changers

On the other hand, the Syndicate of Money Changers in Lebanon confirmed the pricing of the dollar exchange rate against the Lebanese pound, with a moving margin between the price of 3850 pounds for purchase, and 3900 pounds for sale, as a maximum.

Central Bank of Lebanon

The exchange rate of the dollar in the Central Bank of Lebanon remained at 1507.5 pounds per dollar, and it is allocated to some basic commodities only.

Lebanon has been under the weight of a severe financial crisis since late 2019, and since then, the local currency has lost about 90% of its value, the poverty rate has increased, and the banking system has been paralyzed.

Since the country descended into a major financial crisis in 2019, the hard currency in Lebanon has evaporated, and those with US dollar accounts were only able to make withdrawals in Lebanese pounds, according to an exchange rate of 3900 pounds to the dollar.

energy crisis

With regard to the complex energy file inside Lebanon, the price of domestic gas and diesel in Lebanon jumped, after subsidies were finally lifted, to be sold at the black market dollar.

The Lebanese Ministry of Energy acquiesced to the requests of companies importing domestic gas and issued a decision in which it raised the selling price of diesel by 18,700 pounds per canister of diesel, and gas by 14,800 pounds per “bottle”, so that the prices are as follows: diesel oil or diesel plates by 226,600 pounds after it was 207900 pounds, and gas by 193600 pounds. pounds after its price was 178800 pounds.

The Lebanese market is witnessing a suffocating domestic gas crisis, after the distributing companies refrained from supplying the market after they were suddenly notified by the Central Bank of Lebanon to lift the subsidy permanently.

The head of the union of workers and distributors in the gas sector and its supplies in Lebanon, Farid Zainoun, said that “the gas filling companies have been closed for several days and do not deliver gas “bottles” to distributors, and therefore, the domestic gas distribution process is disrupted.”

And he said in a statement: “The reason for the closure is due to the price installation schedule issued by the Ministry of Energy and Water, which set the price according to the exchange rate at a value of 17,000 pounds, so that the delivery was normal, but the Bank of Lebanon informed the packaging companies to suddenly lift the subsidy.”

 
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