The price of the dollar in Lebanon today, Friday, October 22,...

The price of the dollar in Lebanon today, Friday, October 22,...
The price of the dollar in Lebanon today, Friday, October 22,...

The price of the dollar in Lebanon fell today, Friday, October 22, 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 fell in Lebanon, due to the decrease in demand for the green currency, due to the high rates of inflation globally.

The price of the dollar against the Lebanese pound ranged today, Friday, between 20100 – 20150 pounds per dollar, compared to 20400-20450 pounds per dollar at the end of trading on Thursday.

This comes at a time when the Lebanese again took to the streets, last Wednesday, to protest against the rise in fuel prices, which reached an unprecedented level.

This significant increase in prices will lead to a decision to raise the land transport tariff, at a time when the head of the General Labor Union, Bechara Al-Asmar, called for an expanded meeting to coordinate popular movements.

The Lebanese had woken up to a significant rise in fuel prices within a week, with gasoline prices rising 30%, and with it ending the era of fuel subsidies in Lebanon.

The price of 95 octane petrol plates increased to 59,900 Lebanese pounds, and 98 octane rose to 62,000 pounds.

The ministry also raised the price of a gas bottle to 229,600 pounds, after it was 178,800 pounds.

In response to these prices, the head of the federations and unions of the land transport sector, Bassam Tlais, announced that the transport tariff would be raised next week. He stressed, “either immediate support for drivers or a new tariff next Monday in line with the new fuel prices.”

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 who have US dollar accounts have only been able to make withdrawals in Lebanese pounds according to an exchange rate of 3900 pounds to the dollar.

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