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LIRA RATE

Lira rises to below LL24,000 against the dollar on the parallel market


Lira rises to below LL24,000 against the dollar on the parallel market

The lira is trading below LL24,000 to the dollar on the parallel market. (Credit: Mohamed Azakir/Reuters)

BEIRUT — The Lebanese lira continued to make gains against the dollar Sunday, trading at below LL24,000 on the parallel market.

Here’s what we know:

    • Since Friday, the lira has appreciated against the dollar on the parallel market, having on Tuesday reached a record low when it traded at more than LL33,000 to the greenback for the first time since the start of Lebanon’s economic crisis more than two years ago.

    • The lira’s appreciation is largely linked to the central bank’s invention in the currency market. On Friday, Banque du Liban injected $41.5 million into the market. 

BEIRUT — The Lebanese lira continued to make gains against the dollar Sunday, trading at below LL24,000 on the parallel market. Here’s what we know:    • Since Friday, the lira has appreciated against the dollar on the parallel market, having on Tuesday reached a record low when it traded at more than LL33,000 to the greenback for the first time since the start of Lebanon’s...