We're hiring! Join our team! Click for more info.

The Lebanese Lira Is Falling Against The Dollar

In the midst of French Foreign Minister Jean-Yves Le Drian‘s visit in Lebanon, the Lebanese lira tumbled against the U.S. dollar.

On Friday, black market traders were selling the dollar for 12,625 LBP and buying it for 12,575 LBP.

On Thursday, Le Drian came bearing a message of “great firmness” for the officials, specifically those obstructing the government formation, who could be subjected to travel restrictions and possible sanctions.

However, as some protesters pointed out, France is engaged in negotiations with the same people who led the country to ruin. There is widespread loss of hope and faith in the Lebanese officials.

Even Prime Minister-designate Saad Hariri is considering resigning amid Cabinet formation deadlock, Future Movement sources revealed.

The sudden change in the exchange rate also coincides with new threats that Lebanon is about to suffer a brand new electricity crisis.

Our team works tirelessly to ensure Lebanese people have a reliable alternative to the politically-backed media outlets with their heavily-funded and dangerous propaganda machines. We've been detained, faced nonstop cyber attacks, censorship, attempted kidnapping, physical intimidation, and frivolous lawsuits draining our resources. Financial support from our readers keeps us fighting on your behalf. If you are financially able, please consider supporting The961's work. Support The961. Make a contribution now.

The Lebanese Lira Is Falling Against The Dollar

Share this article with your friends!

Not now
Share via
Don\'t Miss Out!