Your databasket contains: 0 Items

of this 0 Macroeconomic time series, 0 Real-time data,

Exchange rates for the US dollar in Lebanon / official exchange rates * / USD 1 = LBP ... (middle)

Path :
  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. Yearly average
  4. USD US dollar
  5. LBP Lebanese pound (Lebanon)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.A.LBP.USD.CA.AC.A04
Unit LBP
Dimension one
Timespan from 1979 to 2023
Last update 12.01.2024 02:13:30 PM
   
General * Multiple exchange rate system The ongoing liquidity and economic crisis in Lebanon has resulted in a sharp depreciation of the Lebanese pound in the parallel market that has formed in the meantime. This has prompted Lebanon's central bank to introduce various measures since mid-2020 to contain the resulting foreign currency shortage. Alongside the existing official exchange rate to the US dollar (LBP 1,507.50), it introduced a bank rate of LBP 3,900 per US dollar. In addition, commercial banks and foreign exchange dealers operating in Lebanon are required to conduct transactions in foreign currency via the central bank's own Sayrafa electronic platform. According to the Lebanese central bank, the exchange rate formed here is intended to reflect the current market situation. 1. We have the following information on how exchange rates have been applied since the end of August 2021: 1.1 Official exchange rate: For specific imports, for example, wheat, medication, medical supplies, selected commodities and for servicing limited retail consumer and housing loans denominated in US dollar. 1.2 Bank rate: For limited cash withdrawals from foreign currency accounts at banks in Lebanon. 1.3 Sayrafa market rate (see BBEX3.A.LBP.USD.CA.AC.B04): For imports of petrol, diesel and gas, and for regulated buying and selling of foreign currencies.
Methodology Until 1982, calculated on the basis of month-end buying and selling rates, and from 1983 to 1995 on the basis of mid-month and month-end buying and selling rates. From 1996, calculated on the basis of mid-month and month-end middle rates.
Source Banque du Liban, Beirut (also Reuters in 1983 and 1984).
How to choose the correct download options (ex. output format: csv/excel or the language german/english)