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Lebanese Stores Close as Dollar Hits New High

Tuesday, 16 March, 2021 - 10:15 The city of Baalbek sees a very shy commercial activity on Monday (NNA). Beirut - Asharq Al-Awsat The exchange rate of the dollar hit a new record in the Lebanese black market, exceeding LBP 13,000 (the official price is LBP 1,515 for one USD), forcing many shops to close their doors in various regions. Lebanon’s National News Agency (NNA) reported that the shops in the southern city of Sidon were shut in the morning, after the dollar exchange rate reached the threshold of LBP 13,000. Some of them placed signs on the front doors saying: “We are closed because we refuse to raise prices.”

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