Central Bank Governor Riad Salameh announced Friday that Banque du Liban has no ability to control the currency black market while downplaying the size of its transactions.

U.S. Ambassador to Lebanon Dorothy Shea on Friday accused Hizbullah chief Sayyed Hassan Nasrallah of threatening Lebanon’s stability and his party of preventing a solution for Lebanon’s dire economic and financial crisis.

Lebanon on Friday recorded a significant uptick in the number of confirmed coronavirus cases.

Lebanese Forces leader Samir Geagea on Friday scoffed at the outcome of the dialogue meeting held Thursday in Baabda, after the dollar reportedly reached a new high on the black market.

Lebanese citizens staged fresh road-blocking protests on Friday, as media reports said the U.S. dollar was selling for LBP 7,500 on the black market.

Lebanon's crippling economic crisis has immensely devalued the local currency and purchasing power, sending businesses, traders, small shops and even large institutions to a shutdown and pushing many into poverty.

The Central Bank announced on Friday the launch of the electronic platform specifically created to carry out foreign exchange operations.

UAE Minister of State for Foreign Affairs, Anwar Gargash said in remarks to CNBC broadcaster that “Lebanon is paying the price for the deterioration of its relations with Gulf Arab states,” and that the UAE will not consider providing financial support except in coordination with other countries.

The government will on Friday launch the electronic platform for money exchange shops, the information minister said.

Free Patriotic Movement chief Jebran Bassil on Thursday criticized the parties that boycotted the Baabda national meeting.

“Those who believe that their rejection of dialogue would expose the government, the Presidency or a certain group are rather stripping Lebanon of the essence of its existence, especially if dialogue’s objective is to prevent strife,” Bassil said in his remarks at the meeting.