BEIRUT: The Lebanese pound was little changed Wednesday, trading at 17,650 to the dollar on the black market, just above its record low.

Exchange dealers said they were selling the dollar for LL17,700 and buying it for LL17,600, compared to LL17,650-LL17,550 Monday. The pound hit a record low of 17,950 to the dollar two weeks ago.

The national currency has lost over 90 percent in street value since late 2019, pushing more than half the population below the poverty line. In recent weeks the crisis has worsened dramatically as citizens grapple with fuel, electricity, food and medicine shortages with the cash-strapped government lifting subsidies on essential goods.

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