Lebanese pound’s descent relentless, hits LL8,000 against dollar – ZAWYA

Lebanese pound’s descent relentless, hits LL8,000 against dollar – ZAWYA

Lebanese pound's descent relentless, hits LL8,000 against dollar | ZAWYA MENA Edition HomeMarketsCurrenciesArticleLebanese pound's descent relentless, hits LL8,000 against dollar The Syndicate of Money Changers in Lebanon set the dollar sell and buy rates for that market Monday at LL3,900 and LL3,850 respectively    A money exchange vendor counts Lebanese pound banknotes at a currency exchange shop in Beirut, Lebanon June 17, 2020. BEIRUT: The Lebanese pound's descent against the dollar showed no sign of abating Monday, with the black market dollar trading at LL8,000 despite the launch of an electronic platform several days earlier to regulate the licensed currency exchange market.The Syndicate of Money Changers in Lebanon set the dollar sell and buy rates for that market Monday at LL3,900 and LL3,850 respectively. Unlicensed traders were meanwhile selling the dollar for as much as LL8,000 and buying it for around LL7,900 in the morning.BEIRUT: The Lebanese pound's descent against the dollar showed no sign of abating Monday, with the black market dollar trading at LL8,000 despite the launch of an electronic platform several days earlier to regulate the licensed currency exchange market.The Syndicate of Money Changers in Lebanon set the dollar sell and buy rates for that market Monday