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Taleen El Gharib 06 Jan 2021

Lira Exchange Rate At Its Highest Since July

The Lebanese Lira black market exchange rate has reached a staggering 8,800 LBP on the dollar for the first time since the spike on July 2nd of 2020, where it stood at 9,700 LBP.

For several months now, the rate has been fluctuating below 8,500 LBP but people noticed the sudden spike from 8,400 LBP to 8,800 LBP this morning.

The abrupt spike has occurred only a day prior to the beginning of the new lockdown that was set to begin on Thursday 7th of January 2021.