The collapse of the Lebanese lira continued its accelerated fall this week, with the national currency reaching a new low of LL90,000 to the dollar on Wednesday afternoon.

According to the online platform lirarate.org, the lira was trading at LL90,200 to the dollar when buying and 88,700 when selling as of 5:30 p.m.

The LL80,000 threshold was crossed just two weeks ago, on Feb. 16. 

The accelerated fall of the lira in the last two weeks comes as the official exchange rate was amended to LL15,000 on the dollar on Feb. 1, after decades of a static rate of LL1,507.5. 

The latest record low was recorded as the authorities tripled the customs dollar — the exchange rate used to calculate customs duties on imports — on Tuesday night without any official announcement. The rate has increased from LL15,000 to  LL45,000 on the dollar, close to the rate of the Banque du Liban's Sayrafa platform.

This lira's LL90,000 record low on the parallel market was reached on the third day of a suspended strike by Lebanese banks. The banks have been on open strike since early February.

In more than three years of acute economic crisis, the Lebanese national currency has depreciated by more than 98 percent. Meanwhile, without a president or fully-empowered government, Lebanese authorities continue to stall the adoption of the reforms needed to halt the country's economic and financial collapse.