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We address the price of the dollar in Lebanon today, Saturday 2/5/2020 against the Lebanese pound, through its website “Al-Fajr News”, where there are signs of rising and falling during the recent period, but the Lebanese currency “the lira” is bleeding against the dollar due to current economic conditions in most of the country. As a result of the expansion of Corona, which has caused the wheel of the economy to stop in most countries, it has also stopped the educational process and work in all markets and factories due to the gravity of the situation, and There are certain official work schedules that cannot be lived without them, to preserve the health of citizens in that current period. .
The dollar saw an increase against the lira, and the price of the Lebanese lira differs on the black market from other banks, but at one point, the sale price of the dollar in banks was not in line with many people, as some People on the black market adopted different prices that exceeded the prices of money changers, and because of this there was a terrible demand for the exchange of dollars, and from here the black market stopped for a time due to this demand.
What is the currency of Lebanon?
Each country has a specific currency that is involved, and here we are talking about the currency of Lebanon, where the official currency of the State of Lebanon is the lira, which the dollar can fall and rise against that currency.
The exchange rate of the dollar on the black market
The Money Exchange Association released a post because illegal journalists calling the black market controlled the dollar, but the Journalists Union sent a message that the price of the dollar, which is determined by the price of supply and demand, It is not in the written documents, and he said that whoever broke the law will be responsible.
The exchange rate of the dollar in Lebanon today, Saturday 2/5/2020 against the Lebanese pound
- 1 USD = 1,512,6000 Lebanese lira
- 1 Lebanese pound = 0.0007 USD
Trade may differ from electronic prices, and we also observe that the value is not fixed, but is modified according to the indicators of the economy and money trade through the supply and demand market of the supply value.
The Bank of Lebanon determines the exchange rate and this is through the daily circulation of the electronic transfer, and this is subject to the exchange rate for funds received from outside Lebanon, and is determined from the exchange addresses Bank of Lebanon oil operations, and this decision applies to all money companies such as Online for the transfer of funds, and the Bob Viñas company, and thus determines the exchange rate of the dollar for electronic transfers.
