LBP/NGN Currency Exchange Rate & News

Lebanese pound or Lebanese lira is the currency of Lebanon. It was formerly divided into 100 piastres but, because of high inflation during the Lebanese Civil War, subunits were discontinued. The plural of lira is either lirat or invariant, whilst there are four forms for qirsh: the dual qirshān used with number 2, the plural qurush used with numbers 3–10, the accusative singular qirshan used with 11–99, and the genitive singular qirsh used with multiples of 100. The number determines which plural form is used. All of Lebanon's coins and banknotes are bilingual in Arabic and French. From December 1997 through January 2023, the exchange rate was fixed at LL 1,507.50 per US dollar. However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates. On 1 February 2023, the Central Bank reset the currency peg at LL 15,000 per US dollar. By mid-March 2023, the "parallel market" rate had fallen to LL 100,000 per dollar. On 19 December 2023, the Sayrafa rate was established from LL 85,500 to LL 89,500 per US dollar. Wikipedia

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