Right now’s Lebanese Lira/US Greenback Trade Fee: Could sixteenth, 2023

As of Tuesday, black market merchants in Lebanon are promoting the US Greenback for 94,300 LBP and shopping for it for 94,500 LBP.

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

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

This has triggered 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 fee.”

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

See additionally

Riad Salameh's Speech

Judicial entities have banned websites reporting the black market and parallel fee believing they had been liable for the inflation. There was no change within the change fee 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

You might also like

Leave a Reply

Your email address will not be published.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