Lira Exchange Lira Rate Dollar Rate In Lebanon Today: LBP Rate 4/5/2023

Dollar Rate In Lebanon Today: LBP Rate 4/5/2023

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Beirut, May 4, 2023, The US Dollar (USD) to Lebanese Pound (LBP) has experienced a substantial drop today, with the rate standing at $1 = 94,400 LBP at 1:30 pm (Adde Dollar App). This marks a significant decrease compared to yesterday’s LBP rate. The fluctuations in the Dollar rate in Lebanon today can have various implications on the local economy and international transactions.

LBP Rate:

  • 3:00 PM, The USD to LBP exchange rate experienced a slight increase today, as the dollar price rose by 100 Lebanese Liras to reach 94,500 LBP. Stay tuned for further updates on the fluctuating currency market.
  • At 5:40 pm today, the USD to LBP exchange rate saw an increase, with the dollar price climbing to 94,700 LBP. Keep an eye on the market for any further changes in the currency exchange rates.
  • As of 8:30 pm, the USD to LBP exchange rate experienced yet another increase, with the US dollar gaining an additional 200 LBP to reach 94,900 LBP. Stay updated on the latest market fluctuations and currency trends.

Yesterday’s LBP Rate

The previous day’s USD to LBP rate was relatively stable but has witnessed a substantial drop today. This fluctuation in the exchange rate can have various implications on the local economy and international transactions.

Implications of the Dollar Rate Drop in Lebanon

The drop in the Dollar rate in Lebanon has significant consequences for businesses, consumers, and the Lebanese government. Importers who rely on the US Dollar for transactions may face difficulties, while exporters may benefit from a weaker LBP. Inflation and purchasing power could also be impacted, affecting the overall economic situation in the country.

Disciplinary Council Expels Judge Ghada Aoun

Mount Lebanon Public Prosecutor Judge Ghada Aoun has been expelled from the judiciary by the disciplinary council. Aoun intends to appeal the ruling, which will halt its implementation until a final decision is made by the Higher Judicial Council. In the meantime, a group of lawyers and protestors gathered in front of the Justice Palace to support Aoun before the disciplinary council’s session. Aoun was expelled due to legal “violations” such as media and social media statements, which judges are not permitted to make public.

France Clarifies Stance on Lebanese Presidential File

A senior French official confirmed that France does not select Lebanon’s president, contrary to speculations about their support for Sleiman Frangieh’s candidacy for the Lebanese presidency. The official emphasized that France is pushing for a speedy election, as the French Foreign Ministry announced.

Saudi Arabia ‘Does Not Accept’ Presidential Vacuum Threatening Lebanon’s Stability

Saudi Arabia’s ambassador to Lebanon, Walid Al-Bukhari, expressed the need for Lebanese political leaders to elect a new president as soon as possible to maintain the country’s stability. He emphasized that the ongoing presidential vacuum threatens the stability and unity of the Lebanese people. The presidential vacuum in Lebanon has persisted for seven months, with political divisions obstructing a solution.

Bukhari Tells Al-Rahi KSA Has No Veto on Any Presidential Candidate

In a meeting with Maronite Patriarch Beshara al-Rahi, Saudi Ambassador to Lebanon Walid Bukhari clarified that Saudi Arabia has no objections to any presidential candidate and is against any dictations. He stressed the country’s keenness not to be accused of obstructing the presidential vote.

Raja Salameh Appears Before European Judicial Team

Raja Salameh, brother of Lebanon’s Central Bank governor, appeared before a European judicial team for questioning for the first time. The delegation from France, Germany, and Luxembourg is investigating suspects and witnesses in an ongoing probe into Governor Riad Salameh and associates over several financial crimes and the laundering of approximately $330 million. Raja Salameh is accused of complicity and is scheduled to appear before French prosecutors in mid-May.

Conclusion 

The drop in the Dollar rate in Lebanon today has important implications for the country’s economy and international transactions. As the Lebanese political scene continues to evolve, with ongoing discussions regarding the presidential election and international involvement, it is crucial for citizens to stay informed and engaged.

Stay updated on the latest developments in Lebanon’s political and economic landscape by subscribing to our newsletter and following us on social media. Together, let’s stay informed and work towards a brighter future for Lebanon.

Karim.

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