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Published 2 years ago

Lebanon central bank move shocks black market traders

Summary by Arab News

BEIRUT: The dollar exchange rate on Lebanon’s black market was expected to continue its fall in the wake of measures announced by central bank Gov. Riad Salameh on Friday, a senior banker told Arab News. The banker expects the exchange rate to drop further until it is almost equal to the exchange rate on the central bank’s Sayrafa platform, which on Friday recorded a price of 24,600 pounds against the dollar.

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Lebanon central bank move shocks black market traders

BEIRUT: The dollar exchange rate on Lebanon’s black market was expected to continue its fall in the wake of measures announced by central bank Gov. Riad Salameh on Friday, a senior banker told Arab News. The banker expects the exchange rate to drop further until it is almost equal to the exchange rate on the central bank’s Sayrafa platform, which on Friday recorded a price of 24,600 pounds against the dollar. The banker’s comment came as the gove

2 years ago·Riyadh, Saudi Arabia

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