On the 4th day of 2022, the Lebanese pound crossed the sad bar of 30,000 LL against the dollar. A new depreciation record in a country that continues its socio-economic collapse.

The Lebanese pound briefly crossed the sad bar of 30,000 LL against the dollar on Tuesday. According to the online platform lirarate.org, the dollar was bought at LL 30,100 around 6:30 p.m. and sold at LL 30,000, while its official rate remains fixed at 1,507.5 pounds. This rate fell slightly in the evening, the dollar note being bought at 29,900 LL and sold at 29,850 LL. Yesterday, the local currency had broken a new depreciation record at more than LL 29,000 against the greenback.

At the same time, fuel prices recorded a significant increase on Tuesday morning, in particular due to the depreciation of the local currency. According to the new tariffs, the price of 20 liters of 95 octane gasoline has been increased by 15,600 Lebanese pounds, from 335,800 LL to 351,400 LL. The 98 octane can of gasoline, almost impossible to find on the local market for months, has experienced the same increase, and is now selling at 363,400 LL against 347,800 pounds last Tuesday. The price of the domestic gas cylinder, which stood at 298,600 last week, crossed the 300,000 mark and is now selling at 319,300 Lebanese pounds, an increase of 20,700 LL.