"Lollar" Rate Upped, Suspected Omicron Cases, Palestinian Labor Rights Pushback: Everything You Need to Know

Commercial bank depositors with foreign currency accounts can now withdraw so-called local dollars — or “lollars” — at a rate of LL8,000 to the US dollar. Yesterday afternoon, Banque du Liban announced a new circular setting the higher rate. The lollar had been fixed at a rate of LL3,900 to the dollar since April 21, 2020