The black market parity of the Lebanese pound against the dollar turns against the local currency. Thus, the parity on the purchase of the Lebanese pound is at 12,850 LL / USD and that on the sale of 12,900 LL / USD this morning, down compared to yesterday against the backdrop of a political crisis that has continued. exacerbated this Friday between the presidency of the republic and the prime minister designate.
A debate should thus be organized in Parliament with the reading of a letter from President Michel Aoun, which accuses the Prime Minister-designate of being at the origin of the delay in the formation of a new government while the lifting of the program Bank of Lebanon subsidy, due to the lack of available monetary reserves seems to be taking shape according to certain sources which note the end of financing for the purchase of basic necessities and the increase in their prices.
For the time being also, observers seem to note the failure of the Banque du Liban Sayrafa 2.0 electronic platform as the central bank prepares to provide dollars this Friday until Tuesday to local banks in an attempt to control the rise of the greenback. This first day is therefore marked by the failure of this attempt due to the continued deterioration of the parity of the Lebanese pound against the dollar.
