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Asharq Al-Awsat
Asharq Al-Awsat
Business
Beirut – Ali Zeineddine

Lebanon’s National Currency Tumbles as Central Bank Issues ‘Ambiguous’ Measures

The Lebanese pound at its worst (AFP)

The Lebanese pound exchange rate on the black market has slid to nearly LBP 40,000 to the US dollar amid conflicting reports about a delay in new regulatory measures that the Central Bank is preparing to take, which requires raising the price of allowances for withdrawals from hard currencies.

In parallel, authorities have started to work on collecting customs duties for imports with a rate of 15,000 to the US dollar.

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