Right now’s Lebanese Lira/US Greenback Alternate Charge: April eleventh, 2023

As of Tuesday, black market merchants in Lebanon are promoting the US Greenback for 96,500 LBP and shopping for it for 97,000 LBP.

As of February 1st, 2023, the speed $1 = 1,507LL price now not applies and the brand new official price is $1 = 15,000LL

Lebanon is at present experiencing hyperinflation because of an ongoing financial disaster for the reason that finish of 2019. The Lebanese lira has been drastically falling towards the beforehand fastened US greenback price of $1 = 1,500 L.L.

This has induced 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 referred to as the “financial institution price.”

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

See additionally

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 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Your email address will not be published. Required fields are marked *