The Lebanese pound or Lira rose slightly on Monday, coinciding with new efforts by Lebanon to expand its claim on the maritime border with Israel.
On Monday afternoon, black market traders were selling the dollar for 12,700 LBP and buying it for 12,600 LBP. This rise of the Lira comes after the exchange rate had reached a 13,000 LBP on Sunday.
The rise coincides with the fact that the caretaker Minister of Public Works and Transport Michel Najjar, on Monday, signed a decree that expands Lebanon’s claim in its maritime border dispute with Israel.
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