Today’s Lebanese Lira/US Dollar Exchange Rate: November 29th, 2022
- Date: 29-Nov-2022
- Source: The961
- Sector:Financial Markets
- Country:Lebanon
Today’s Lebanese Lira/US Dollar Exchange Rate: November 29th, 2022
As of Tuesday, black market traders in Lebanon are selling the US Dollar for 40,600 LBP and buying it for 40,700 LBP.
The current official rate still stands at $1 = 1,500 L.L. and the bank rate at $1 = 8,000 L.L.
Lebanon is currently experiencing hyperinflation as a result of an ongoing economic crisis since the end of 2019. The Lebanese lira has been drastically falling against the previously fixed US dollar rate of $1 = 1,500 L.L.
This has caused banks to create an unofficial capital control – basically freezing accounts and only releasing a limited amount of dollars using the $1 = 8,000 L.L. This is called the “bank rate.”
The Lebanese lira has lost more than 90 percent of its value.
Judicial entities have banned sites reporting the black market and parallel rate believing they were responsible for the inflation. There was no change in the exchange rate following the ban. The961 was blocked for 9 hours following the execution of this ban for our coverage – despite there being no specific order to ban us.
Find the latest news and updates surround the Lebanese lira on our dedicated section by clicking here .
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#Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years.
https://www.khaleejtimes.com/world/mena/lebanon-to-devalue-currency-by-90-on-february-1-says-central-bank-chief
https://www.the961.com/todays-lebanese-lira-us-dollar-exchange-rate-february-1st-2023
AlSissi
The #exchange rate
of the #dollar
rose in #Egyptian #banks
once again
#crossing 30 Egyptian pounds
to the dollar
for the first #time
#since 11 #January
when it jumped to 32 #pounds
following the fourth
devaluation
#darwish203
#Egypt
#terrorisme
https://www.middleeastmonitor.com/20230131-us-dollar-goes-up-again-egypt-pound/
#Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh says, marking a 90 percent devaluation from its current official rate that has remained unchanged for 25 years.
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates
https://www.siasat.com/us-dollar-uk-pound-saudi-riyal-dirham-aus-dollar-to-inr-exchange-rates-2503061/
#Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh says, marking a 90 percent devaluation from its current official rate that has remained unchanged for 25 years.
https://english.alarabiya.net/business/economy/2023/01/31/Lebanon-to-devalue-currency-by-90-pct-on-Feb-1-central-bank-chief-says
Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar TODAY.
It is considered a 90% devaluation from its current official rate that has remained unchanged for 25 years (1 USD = 1,507 LBP)
Pound US Dollar (GBP/USD) Exchange Rate Firms Softens amid Heightened Warnings for ... https://ift.tt/OB1gSkz
The Aussie Dollar is steady on last week's 70 US Cents, and currently buying 0.57 GBP and 0.648 Euro
#currency #dollar #greenback #aud #aussiedollar #aussie #sterling #euro #exchange #currencyexchange #trading #money #finance #exchangerate #foreignexchange
In the Asian session on Monday, thanks to the positive consumption and travel data during the Spring Festival of the Year of the Rabbit, the offshore RMB exchange rate rose at the opening, and then fell back. After the afternoon session, as the US dollar index fell, it up again!
Lebanon to devalue currency by 90% on Feb 1st 2023
The exchange rate of 15,000 pounds per U.S. dollar agreement was reached with the International Monetary Fund to unlock a $3 billion bailout. (current exchange rate is 1,500 pounds per US $) https://www.reuters.com/markets/currencies/lebanon-devalue-currency-by-90-feb-1-cbank-chief-says-2023-01-31/
"Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank Governor Riad Salameh said, according to Reuters."
"That would mark a 90% devaluation from its current rate, which has been unchanged for 25 years."
https://www.bloomberg.com/news/articles/2023-01-31/lebanon-to-devalue-currency-90-central-banker-says-reuters
#Forex: The US dollar on Tuesday, January 31 ended trading at J$154.10 down by 48 cents, according to the Bank of Jamaica's daily exchange trading summary.
https://www.jamaicaobserver.com/latest-news/forex-j154-10-to-one-us-dollar-2/ via @JamaicaObserver
#Forex: The US dollar on Tuesday, January 31 ended trading at J$154.10 down by 48 cents, according to the Bank of Jamaica's daily exchange trading summary.
https://www.jamaicaobserver.com/latest-news/forex-j154-10-to-one-us-dollar-2/
Bilateral currency swap lines allow the emergence of a new CBDC-based network of correspondent national central banks, which effectively bypasses the US dollar as a medium of exchange. Deglobalization starts with de-dollarization.
Lebanon to devalue currency by 90% on Feb. 1: Central bank chief.
Tue, 2023-01-31 20:01
BEIRUT: Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, Riad Salameh, the central bank governor, said.
The new rate ma https://postly.app/22Rm
What can this grow into? We have the first year of results out now.
https://www.globenewswire.com/news-release/2021/08/16/2280946/0/en/Exchange-Bank-of-Canada-Achieves-Access-to-Federal-Reserve-US-Dollar-Currency-Services-Program-to-Facilitate-Global-Banknotes.html$cxi.to
Lebanon is to devalue its currency by 90% from 1 February with a new official exchange rate of 15,000 pounds per US dollar.
The people need Bitcoin.
Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank Governor Riad Salameh says https://trib.al/hXuILRC
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Election
Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank Governor Riad Salameh says, according to Reuters https://trib.al/AwzEQbP
CA: 1.3350 CAD = 1 USD 2023-01-31
1 USD = 1.3350 CAD (US dollar to Canadian dollar daily exchange rate)
https://www.bankofcanada.ca/?p=39898
Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank Governor Riad Salameh says, according to Reuters https://trib.al/AwzEQbP
Gemini Dollar (GUSD) has lost its peg to the US dollar after crypto exchange OKX announced it will be delisting the stablecoin on February 1st
Lebanon will adopt the exchange rate of 15,000 pounds per US dollar on Feb. 1, the country's central bank said, marking a 90% devaluation from its current official rate. 🤯
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