The Lebanese pound went slightly up on Tuesday, trading at around 7,050 LL on the black market after Prime Minister-designate Saad Hariri met with President Aoun the night before, pushing forward the process of the government formation.
Black market traders were selling the dollar for around 7,100 LL and buying it for 7,000 LL. As an indication, the dollar was trading at around 8,800 LL in September.
This comes as Lebanon remains in political vacuum, after caretaker Prime Minister Hassan Diab’s resigned on August 10th in the aftermath of the Beirut Port explosion.
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