Lebanon: Who Benefited from Pumping the USD Dollars?

Lebanon: Who Benefited from Pumping the USD Dollars?

Other people who were piling the dollars at home started selling them in the black market and then buying dollars from licensed money-changers at a lower exchange rate.". "Now hundreds of people are bringing the identity cards of their relatives and family members to buy US dollars in their names to sell them later in the black market to make a profit of 260,000 Lebanese pounds per $200, as they buy $200 at 780,000 Lebanese pounds and sell them in the black market for 1,040,000 Lebanese pounds at an exchange rate of Lebanese pounds for $1.". Some licensed money-changers are asking the person who wants to buy US dollars if he would like to sell them back at the black market exchange rate and, on this person's approval, the money-changer would give him the profit that he would get from selling the US dollars in the black market and keep the US dollars for himself.. Although money changers stipulated that citizens who wanted to buy US dollars should show their identity cards and other required documents to buy US dollars, the exchange rate of the Lebanese pound on the black market skyrocketed, passing 5,200 Lebanese pounds for $1.. The mechanism