Lebanese pound falls against dollar

Lebanese pound falls against dollar

BEIRUT: The Lebanese pound fell against the US dollar Monday, trading at around LL7,400 on the black market as government formation talks were off to a slow start.Black market exchangers were selling the dollar for LL7,450 and buying it for around LL7,350. The greenback had been trading at an average of LL7,250 over the weekend.Licensed currency exchangers were still trading the dollar at the rates set by the Central Bank which have remained unchanged for months; LL3,850 to buy and LL3,900 to sell.Prime Minister-designate Mustapha Adib's bid to form a new government was off to a slow start as he began consultations with different political forces in the country during which he discussed the nature and size of the upcoming Cabinet.Lebanese politicians assured French President Emmanuel Macron during his visit