Today, April 26, 2023, the USD to LBP in black market experienced a slight drop to 97,200 LBP for 1 USD. This change comes after yesterday’s rate of 97,300 LBP for 1 USD, which indicates a minimal decrease in the value of the Lebanese Lira against the US Dollar.
Oil Prices Drop in Lebanon
In economic news, Lebanon has witnessed a drop in oil prices on April 25, 2023. The price of gasoline, both 95 and 98 octanes, has decreased by 30,000 LBP per can, while the price of diesel has gone down by 16,000 LBP. Gas canisters have also experienced a decrease of 29,000 LBP in price. The new prices are as follows:
- 95 octanes: 1,832,000 LBP
- 98 octanes: 1,874,000 LBP
- Diesel: 1,578,000 LBP
- Gas: 1,081,000 LBP
Security Precautions and Syrian Refugee Crisis
In political news, Caretaker Minister of Interior Bassam al-Mawlawi emphasized after his meeting with Mufti of the Republic Sheikh Abdel Latif Derian that the Lebanese government is taking precautions to prevent security incidents and closely monitoring the security situation in the country. He stressed the importance of Syrians in Lebanon abiding by Lebanese law and organizing their presence in the country. Al-Mawlawi also highlighted that incitement against the Lebanese army or state would not be tolerated.
MP Kanaan Discusses Syrian Refugee Crisis with UN Coordinator
Meanwhile, MP Ibrahim Kanaan, the Head of the Finance and Budget Committee, met with United Nations Coordinator in Lebanon, Joanna Wronecka, to discuss recent developments and relations with the international community. Kanaan emphasized that the Syrian refugee crisis is not solely Lebanon’s responsibility and urged the international community to help implement a road map for Lebanon. He also stressed the importance of prioritizing the return of Syrian refugees to their homeland to alleviate the burden on Lebanon.
Lebanese Citizens Evacuated from Sudan Arrive in Two Batches
Lebanese citizens evacuated from Sudan arrived in Lebanon in two batches on April 25, 2023. A total of 48 individuals, including 32 Lebanese, 12 Palestinians with Lebanese documents, and 4 Syrians, were evacuated and transported to Beirut-Rafic Hariri International Airport via Jeddah Airport in the Kingdom of Saudi Arabia. The passengers arrived in two separate groups, with 12 arriving at 3:00 pm and 36 arriving at 11:30 pm via Middle East Airlines (MEA).
Black Market Rate Update and Ongoing Economic Developments
In conclusion, the black market rate for USD to LBP has experienced a minor drop, reaching 97,200 LBP for 1 USD on April 26, 2023. The Lebanese economy is witnessing changes in oil prices, and the government is working to ensure the security of its citizens and address the ongoing Syrian refugee crisis.
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Karim
