BEIRUT: The Lebanese pound rose slightly against the dollar on the black market Thursday, two days after it plunged to a record low, sparking protests and road closures throughout the country.

Exchange dealers were buying the greenback for LL9,900 and selling it for LL9,950, as opposed to earlier in the week when the pound hit the milestone LL10,000 mark.

Lebanons economy is crumbling as the country grapples with a financial crisis that has caused rampant unemployment, pushed more than half of the population under the poverty line and stripped the national currency of 85 percent of its value.

At the current pound to dollar rate, minimum wage stands at approximately $68 a month, with no clear strategy by a divided political class on how to alleviate the country and its people.

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