The branch of Banque du Liban in Jounieh. Photo credit: Francois el Bacha, all rights reserved.
The branch of Banque du Liban in Jounieh. Photo credit: Francois el Bacha, all rights reserved.

The Lebanese pound remains under pressure, slightly deteriorating on the black market, with an exchange rate of 12,725 LL / USD for the purchase and 12,775 LL / USD for the sale as the price of fuels rose sharply on Wednesday , foreshadowing an upcoming abandonment of the subsidy program for the purchase of basic necessities.

This abandonment could lead to additional pressures to the detriment of the local currency

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