At the moment’s Lebanese Lira/US Greenback Change Fee: August 14th, 2022

As of Sunday, black market merchants in Lebanon are promoting the US Greenback for 31,700 LBP and shopping for it for 31,750 LBP.

The present official charge nonetheless stands at $1 = 1,500 L.L. and the financial institution charge at $1 = 8,000 L.L.

Lebanon is at the moment experiencing hyperinflation on account of an ongoing financial disaster because the finish of 2019. The Lebanese lira has been drastically falling towards the beforehand mounted US greenback charge of $1 = 1,500 L.L.

This has precipitated banks to create an unofficial capital management – mainly freezing accounts and solely releasing a restricted quantity of {dollars} utilizing the $1 = 8,000 L.L. That is known as the “financial institution charge.”

The Lebanese lira has misplaced greater than 90 % of its worth.

Judicial entities have banned websites reporting the black market and parallel charge believing they had been liable for the inflation. There was no change within the trade charge following the ban. The961 was blocked for 9 hours following the execution of this ban for our protection – regardless of there being no particular order to ban us.

Discover the most recent information and updates encompass the Lebanese lira on our devoted part by clicking right here .

If you wish to study the spoken Arabic language, then head to the Lebanese Arabic Accelerator to study extra! Lebanese Arabic Accelerator

You might also like

Leave a Reply

Your email address will not be published.