On Friday, the dollar exchange rate exceeded 38,000 pounds, creating unprecedented chaos in all sectors and leading to popular anger. Some shops stopped selling goods as they waited to see if the dollar rate would stabilize at the beginning of next week. However, the significant drop of the exchange rate by 10,000 Lebanese pounds on Friday night shocked her, as the value of her salary significantly depreciated. Finance Minister Youssef Khalil estimated the black market exchange volume at $5 million per day. The governor’s circulars are postponing the “explosion for a few days,” the Lebanese National Bloc pointed out.

Source: Libya Today May 29, 2022 10:53 UTC