The price of the dollar today in Lebanon, Tuesday, October 26, 2021

The price of the dollar today in Lebanon, Tuesday, October 26, 2021
The price of the dollar today in Lebanon, Tuesday, October 26, 2021

The price of the dollar in Lebanon rose today, Tuesday, October 26, 2021, in the unofficial (black) parallel market, due to the decline in demand.

The price of the dollar in Lebanon

The price of the dollar against the Lebanese pound today ranged between 20375 and 20425 pounds per dollar.

Lebanese Foreign Minister Abdullah Bouhabib said talks between the government and the International Monetary Fund would likely start in November.

Economy Minister Amin Salam said on Friday in an interview with Reuters that the government aims to make progress on launching comprehensive negotiations on an agreement with the IMF by the end of this year or early 2022, but he made it clear that it does not expect to disburse funds before the elections scheduled for March.

Lebanon is suffering the worst financial crisis ever, and the agreement with the IMF is seen as the only way to secure aid.

The government has “high hopes” to be able to obtain a memorandum of understanding with the International Monetary Fund by the beginning of next year to open the way for negotiations.

Lebanon is seeking to speed up negotiations with the IMF, at a time when Beirut is experiencing one of the most severe recessions in the world on record.

IMF talks collapsed last year because Lebanon’s banks, central bank and politicians were unable to agree with the previous government on the scale of the heavy losses and how to share them.

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.

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.

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.

Note: The content of this news was written by Al-Ain News and does not express the viewpoint of Egypt today, but it was transferred with its content as it is from Al-Ain News, and we are not responsible for the content of the news and the custody of the aforementioned source.


price dollar today Lebanon Tuesday October

For Latest Updates Follow us on Google News

PREV A two-and-a-half-year-old girl suffocated in a kindergarten in Kiryat Gat
NEXT Emirates News Agency – The roar of “X-Cat” engines will rise tomorrow on the beaches of Jumeirah