Right this moment’s Lebanese Lira/US Greenback Trade Fee: November twenty fourth, 2022

As of Thursday, black market merchants in Lebanon are promoting the US Greenback for 39,700 LBP and shopping for it for 39,800 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 at present experiencing hyperinflation on account of an ongoing financial disaster because the finish of 2019. The Lebanese lira has been drastically falling in opposition to the beforehand mounted US greenback price 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 referred to as the “financial institution price.”

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

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

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