Tag: Lebanese pound
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Lebanese pound marginally up against dollar
The Lebanese pound marginally went up on the black market Wednesday, trading at LL12,700 against the dollar. Exchange dealers were buying the dollar for LL12,650 and selling it for LL12,750. The greenback traded for LL12,750 Tuesday. The pound has lost nearly 90 percent of its value since the slow onset of the economic crisis in…
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Lebanese pound rises for third day in a row on black market
The Lebanese pound rose for a third straight day Thursday, trading at around LL8,300 against the dollar. Money exchangers on the black market were initially selling the dollar for LL8,700 and buying for LL8,500, however the rate later dropped to LL8,500 and LL8,000 respectively. According to a person familiar with black market transactions, there was…