BEIRUT: The Lebanese pound snapped a three-day losing streak Friday, trading at 15,850 to the dollar on the black market, exchange dealers said.

Dealers said they were buying the greenback for LL15,800 and selling it for LL15,900 on Friday, compared to LL16,400 Thursday.

The pound has lost 90 percent of its value since 2019, leading to shortages of fuel, food, and medicine, while pushing over 70 percent of the population into poverty.

Copyright 2021, The Daily Star. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.