Live: The Minister of Finance in the caretaker government, Youssef Khalil, said that the Central Bank of Lebanon adopted an exchange rate of 15,000 pounds against the dollar instead of 1,507, equivalent to a 10-fold increase.
This came during his speech to “Archyde.com” today, Wednesday, according to the Lebanese National News Agency.
The minister described this decision as a step towards gradual unification of the exchange rate in the country, with implementation starting from the end of October.
The information office of the Ministry of Finance announced that changing the exchange rate of the Lebanese pound against the US dollar will take place in two steps, the first at the level of the customs dollar and the second at the level of the official exchange rate to be approved in coordination with the Central Bank.