The Lebanese pound hit a new low against the U.S. dollar on the black market Tuesday, crashing below 30,000 to the greenback.

The exchange rate, which is unofficial but applies to most transactions, had dropped from a record high of LBP 38,000 to LBP 27,300, last month, after Central Bank Governor Riad Salameh issued a statement saying banks would resume exchange operations at the Sayrafa platform rate to “all the holders of Lebanese pounds, be them citizens or institutions, who want to exchange them for U.S. dollars.”

The U.S. envoy mediating between Lebanon and Israel over their disputed maritime border met Lebanese President Michel Aoun on Tuesday in Beirut, the president’s office said . The talks focused on ways of reaching a solution amid rising tensions along the tense boundary.

The meeting was held in the presence of U.S. Ambassador to Lebanon Dorothy Shea, Deputy Speaker Elias Bou Saab, and General Security chief Maj. Gen. Abbas Ibrahim.

U.S. energy mediator Amos Hochstein arrived Monday afternoon in Beirut for talks with top Lebanese officials over the sea border standoff with Israel.

Following his arrival, Hochstein held talks with Deputy Speaker Elias Bou Saab at the latter's residence in Rabieh. He was accompanied by U.S. Ambassador to Lebanon Dorothy Shea.

The Delegation of the European Union to Lebanon and Expertise France have announced the inauguration of the Headquarters of the Lebanese Armed Forces (LAF) Model Regiment in the Bint Jbeil town of Srebbine.

The Lebanese Army “stands behind the political authority in any decision it may take in the sea border demarcation file” and is not concerned with any other comments or analyses, Army Commander General Joseph Aoun said on Monday.

“We do not interfere in political affairs at all,” Gen. Aoun said, during a visit to the Fouad Shehab Command and Staff College.

The Lebanese Forces has agreed with the Progressive Socialist Party on a “unified approach” regarding the formation of the new government, LF leader Samir Geagea said on Monday.

“The opposition must unify its efforts in order to stop the ruling camp’s plans,” Geagea added, following talks in Maarab with MPs Akram Shehayyeb and Wael Abu Faour of the PSP.

President Michel Aoun on Monday said that Lebanon rejects Israel’s latest threats while stressing that the country is keen on the resumption of talks over sea border demarcation.

“We reject the threats of the Israeli enemy, which is acting in violation of international laws and resolutions,” Aoun said, in a meeting in Baabda with reformist MPs Melhem Khalaf, Ibrahim Mneimneh, Rami Fanj, Mark Daou, Waddah al-Sadek, Yassine Yassine and Najat Aoun.

French President Emmanuel Macron has expressed his condolences to Tamara Tayah, the daughter of Tarek Tayah, one of the two Lebanese victims of a helicopter that crashed in northern Italy, days ago.

Tamara had met with Macron in Lebanon after she had lost her jeweler designer mother in the massive Beirut port explosion.

Beirut Public Prosecutor Ziad Abu Haidar recused himself Monday from looking into Central Bank Governor Riad Salameh's lawsuit, media reports said.

Lebanon had opened a probe into Salameh's wealth last year, after the office of Switzerland's top prosecutor requested assistance in an investigation into more than $300 million which he allegedly embezzled out of the central bank with the help of his brother.

Free Patriotic Movement chief Jebran Bassil has warned against adopting Line 29 as it may result in "a political, media and perhaps military confrontation."

Bassil said that President Michel Aoun and Caretaker Prime minister Najib Miqati have agreed on an approach before negotiating with U.S. envoy Amos Hochstein who is due in Lebanon on Monday.