The Lebanese pound continues to fall against the dollar on the black market. The buy parity is 15,600 LL / USD and 15,650 LL / USD sell.
This information comes a few days before the entry into force of Circular 158 which should allow the withdrawal of USD 400 per account previously blocked by Lebanese banks since November 2019. However, some customers indicate that their banking establishments would have required the signing of a document which would make them renounce any legal action in order to benefit from it.
Other banks have indicated that they will not implement this circular due to the inability to obtain sufficient foreign currency. Some observers finally accuse the banks of being at the origin of the current rise of the greenback against the local currency by massively buying large quantities of dollars on the black market in order to allow their customers to withdraw them.
