The Lebanese pound is rising again against the dollar as Lebanon hopes to welcome a new government very soon.
The pound was trading at around 6,700 LBP Friday on the black market and remained stable on Saturday (at the time of writing), slightly rising from the slump when it traded at around 6,900 LBP earlier this week.
In light of this, the Lebanese pound is expected to gain value.
While the lira value has been fluctuating non-stop, treading in between 6,000 LBP and 7,000 LBP, it significantly rose since the beginning of October when the lira almost reached 9,000 LBP/dollar.
Perhaps thanks go to France and the international community for putting pressure on Lebanon’s political leaders, causing them to act with swiftness that is unrecognizable.
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