The Lebanese pound rose slightly against the dollar on the black market Saturday, after it registered a steep decline earlier this week as a political deadlock threatened to plunge the country into greater crises.
Exchange dealers sold the greenback for LL9,350 and bought it for LL9,300, marginally down from LL9,400-9,300 Friday.
The Lebanese pound sharply fell against the dollar during the week, trading at LL9,500 Thursday.
This came after the country’s leaders publicly feuded over the government formation process signaling that the political stalemate would continue. Meanwhile the Lebanese people have seen their quality of life dramatically drop as they juggle multiple black market exchange rates for different transactions.