As of Sunday, black market merchants in Lebanon are promoting the US Greenback for 93,800 LBP and shopping for it for 94,000 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 presently 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 brought about 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 % of its worth.
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Judicial entities have banned websites reporting the black market and parallel price believing they had been accountable for the inflation. There was no change within the trade 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 .
