As we speak’s Lebanese Lira/US Greenback Trade Fee: November twenty second, 2022

As of Tuesday, black market merchants in Lebanon are promoting the US Greenback for 39,300 LBP and shopping for it for 39,400 LBP.

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

Lebanon is presently 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 price of $1 = 1,500 L.L.

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

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

Judicial entities have banned websites reporting the black market and parallel price believing they have been accountable for the inflation. There was no change within the change price 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 newest 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

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