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The USD black market exchange rate continues to fluctuate substantially due to devaluation of the Lebanese pound caused by acute dollar shortages within Lebanon. [26] This dollar shortage also caused 785 restaurants and cafes to close between September 2019 and February 2020, and resulted in 25,000 employees losing their jobs.
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. [5] On 1 February 2023, the Central Bank reset the currency peg at LL 15,000 per US dollar. [6] By mid-March 2023, the "parallel market" rate had fallen to LL 100,000 per ...
This is a list of circulating fixed exchange rate currencies, ... U.S. dollar: 1.79 Azerbaijani manat: ... This page was last edited on 25 November 2024, ...
[63] [64] The USD parallel exchange rate is increasing because of the dollar shortage in Lebanon. [65] In a bid to lower the dollar price, the central bank made an agreement with the licensed exchangers to make the official rates on offer at £L3,860/3,910. [66] However, despite the central bank's efforts, on 23 June 2020, the black market ...
Digital currency can improve the ease of international transactions and help the US dollar remain the world's reserve currency. ... $135 billion stablecoin market. USD Coin is the second-largest ...
29 March – Good Friday; 31 March – Easter Sunday; 10 April – Eid al-Fitr; 1 May – Labour Day; 25 May – Liberation and Resistance Day; 17 June – Eid al-Adha; 7 July – Islamic New Year; 15 August – Assumption Day; 16 September – The Prophet's Birthday; 22 November – Lebanese Independence Day; 25 December – Christmas Day
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
According to Al Jazeera, the Lebanese pound on Thursday plummeted to a new rate of more than £L7,000 to the dollar on the black market. Following the protests that erupted, President Michel Aoun on Thursday held a national meeting with Lebanon's top politicians, in fear of further escalation of the protests into a civil war. [419] [420]