Lebanon’s central bank governor Riad Salameh announced on Monday that the official exchange rate of the Lebanese pound against the US dollar will be raised to 15,000 L.L starting from February, 2023.

In a televised interview, Salameh noted that Lebanon has started the era of unifying the exchange rates as the case of the customs fees, adding that the central bank will prevent raising the exchange rate in the black market.

Salameh pointed out that the central bank will fund raising the salaries of the public employees, adding that the government will be concerned with paying for the imported fuel needed to operate the power plants.

Lebanon is suffering from an unprecedented economic crisis with an exchange rate against the US dollar nearing 40,00 L.L.

Source: Al-Manar English Website