BEIRUT: The Lebanese pound rose against the dollar Friday, trading at around LL6,700 on the black market, as Prime Minister-designate Saad Hariri is said to be putting the final touches to a draft Cabinet lineup in hopes of announcing the government formation over the weekend.

Trading at around LL6,900 Wednesday, black market exchangers sold the dollar for LL6,750 to the dollar and bought it for LL6,650

The Lebanese pound is expected to gain in value as Hariri forms a new government that is hoped to rescue Lebanon from its crises.

A political source told The Daily Star Thursday that the final stage before announcing the Cabinet formation was to add the names of potential ministers to their apportioned ministries. The issue of rotating the sectarian leadership of the three remaining so-called sovereign ministries defense, interior and foreign affairs has been settled, the source said.

Such a government would be tasked with implementing a string of structural economic and administrative reforms outlined in the French initiative designed to steer the crises-ridden country out of its catastrophic economic and financial crunch, the worst since the 1975-90 Civil War.

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