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Central Bank To Inject US Dollars Into Lebanese Market
During an emergency cabinet meeting that is currently underway in the presence of PM Hassan Diab, BDL Governor Riad Saleme, and other high authority officials, it was announced that the Central Bank will be injecting US dollars into the market to help stabilize the national currency. In turn, the head of the Syndicate of Money Changers in Lebanon stated that the currency exchange rate will be set to 3,940 LL per USD.
Editorial Purpose: We’re sharing this piece of content to keep you in the loop on the latest happenings in the country.
This comes after protests erupted in the country late last night when the currency exchange rate reportedly reached an unprecedented high. Circulating rumors stated that the dollar was being traded for 7,000 LL in the black market, but officials were quick to shut them down.
It was confirmed however, that the dollar exchange rate had neared 5,500 LL, which evoked angry protests all over the country.
People driven by their hunger and desperation took to the streets, chanting against the ruling class.
— (@ALJADEEDNEWS) June 12, 2020
Editorial Purpose: We’re sharing this piece of content to keep you in the loop on the latest happenings in the country.
This comes after protests erupted in the country late last night when the currency exchange rate reportedly reached an unprecedented high. Circulating rumors stated that the dollar was being traded for 7,000 LL in the black market, but officials were quick to shut them down.
It was confirmed however, that the dollar exchange rate had neared 5,500 LL, which evoked angry protests all over the country.
Protests have erupted all over Lebanon tonight after the dollar exchange rate reportedly reached 7,000 LL in the black market. #LebanonProtests
— Beirut.com (@BeirutCityGuide) June 11, 2020
People driven by their hunger and desperation took to the streets, chanting against the ruling class.
Live from #Beirut tonight. #LebanonProtests pic.twitter.com/gqh7GpLcuz
— Beirut.com (@BeirutCityGuide) June 11, 2020
