Lebanon’s situation seems to have reached a dead-end, accordingly the USD to LBP Lebanese Lira rate for today October 7, 2020, according to black market apps and websites are as follows:
|App / Website||Buy 1 USD||Sell 1 USD|
|USD Market||8800 LBP||8850 LBP|
The official Lira rate stands at 1507.5 to 1515.
Banks Lira’s rate is at 3850 LBP with many conditions.
The Lira exchange rate VS the USD increased an additional 200 to 250 points in comparison to yesterday.
The bullish trend is still strong as no solution to the economic, financial, and political stagnation is foreseen in the near future.