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Dollar
The dollar exchange rate on the black market registered a “slight” increase in the morning of Saturday, since it oscillated between 7,250 and 7,350 Lebanese pounds per dollar, after having closed on Friday night between 7,050 pounds and 7,150 pounds per dollar.
In addition, the Union of Money Changers announced the price of the exchange rate of the US dollar against the Lebanese pound for Saturday and Sunday 7 and 8/11/2020 exclusively, with a moving margin between: buy at 3850 minimum and sell to 3900 maximum.
Lebanon has been suffering from an economic crisis that has lasted for months without any reform towards which the authority is moving to improve the situation of the Lebanese citizen who struggles daily to earn a living in which the ammonium authority fights him. An authority that negotiates the afflicted citizen with a “rude” look after the explosion of August 4 and found him an opportunity to achieve more material gains Through the help that came from the Arab brothers to the Lebanese people. Days ago we saw how the State stored Iraqi flour in the Sports City in a bad way, despite the existence of a milling crisis previously expressed by the owners of the bakery, in the most difficult stage in which Lebanon needs to provide any basic material .
This increase coincides with the imposition of US sanctions on the leader of the Free Patriotic Movement, Gebran Bassil, who, according to the United States of America, represents corruption in Lebanon. Without taking into account the reality of the Lebanese situation and the collapse that will reach its most severe point in the coming days.
