June 4, 2020 / 5:48 AM / a month ago

Lebanese money changers cut dollar exchange rates by 30 pounds

BEIRUT, June 4 (Reuters) - Lebanese money changers on Thursday cut the declared exchange rates for dollars by 30 Lebanese pounds from Wednesday’s prices, saying they would buy dollars for a minimum price of 3,920 pounds and sell them at a maximum of 3,970 pounds.

The pound has fallen by around 60% from the official exchange rate of 1,507.5 pounds since October during an acute financial crisis as U.S. dollars have become ever more scarce.

The money changers lifted a one-month strike on Wednesday, declaring a buy rate at a maximum of 3,950 Lebanese pounds and a sell rate at a maximum 4,000 pounds.

Reporting by Tom Perry; Editing by Tom Hogue

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below