{International: Al Furat News} The Lebanese currency fell against the dollar on the black market today, Sunday, to record levels, which are the lowest since the Taif Agreement in 1989, and the Syrian currency has also witnessed a decline.

According to Lebanese media, the US currency was sold yesterday at 2450 Lebanese pounds to the dollar, amid rumors talking about the possibility of a high rate of the dollar exchange to 3,000 Lebanese pounds in the coming period.

In light of that, the Syrian currency fell, on Sunday, to record levels as well, as it exceeded the level of one thousand pounds per dollar, amid silence from the Syrian government.

The newspaper “Al-Watan” stated that the decline of the Syrian pound comes amid internal and external speculation as a result of political factors, and what is being experienced by Lebanon, in which the Lebanese lira exchange rate recorded low levels, which are the first in decades.

Sources in the Syrian exchange market told Al-Watan that there is a case of caution and anticipation in transactions, which are at relatively low levels, and are limited to some exchange companies, who are seeking to buy from citizens, and from companies and other money changers, which means an increase in market demand, compared to supply.

News Source: https://alforatnews.com/