Caretaker Prime Minister, Najib Mikati, on Friday afternoon held a meeting at the Grand Serail with Caretaker Finance Minister, Dr. Youssef Khalil, and Central Bank Governor, Riad Salameh, over the current financial situation and the ongoing manipulation of the Lebanese pound’s market exchange rate against the US dollar.
The Central Bank governor explained “the reality of the financial markets, in preparation for presenting the proposals to the BDL’s Central Council at its scheduled meeting next Monday.”
Lebanon markets have faced uncertainty on Friday as the Lebanese lira (pound) continued its hysteric plunge against the US dollar.
Currency exchange dealers reported that the dollar was trading on the parallel market at 63,900 Lebanese liras to buy and 63,500 Lebanese Lira to sell on Friday morning.
In the afternoon, the exchange rate dropped remarkably to reach 55,000 L.L. for every US dollar before a slight rebound.