As we speak’s Lebanese Lira/US Greenback Trade Fee: Could 2nd, 2023

As of Tuesday, black market merchants in Lebanon are promoting the US Greenback for 95,900 LBP and shopping for it for 95,600 LBP.

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

Lebanon is at the moment experiencing hyperinflation because of an ongoing financial disaster because the finish of 2019. The Lebanese lira has been drastically falling towards the beforehand fastened US greenback charge 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 charge.”

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 charge believing they had been liable for the inflation. There was no change within the change 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 be taught the spoken Arabic language, then head to the Lebanese Arabic Accelerator to be taught extra! Lebanese Arabic Accelerator

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