On Monday, November 16, 2020, the Lebanese Lira rate has lost many points, especially during the unusual activity on Sunday, November 15, 2020. Amidst a nationwide full lockdown due to COVID-19, it is expected that the currency exchange black market activity will be lower than in previous weeks.
The USD to LBP rates as per 8 different black market apps and websites are as follows:
|App / Website||Buy 1 USD||Sell 1 USD|
|Adde Dollar Lebanon||7850||7900|
|LBP to Dollar App||7900||7800|
|Lebanese Market LBP USD||7875||7800|
|الدولار عند الصرافين لبنان||7900||7850|
NB: WE DO NOT ENDORSE, OWN OR OPERATE ANY OF THE APPS AND WEBSITES MENTIONED ABOVE. WE ARE NOT EXCHANGERS.
The official LBP rate stands at 1507.5 LL to 1515.
Checks are withdrawn at 3,900 LL depending on each bank’s rules and regulations from the Central Bank of Lebanon (BDL); private sector companies struggle with a minimum limit of Cash LBP withdrawals.
OMT transfers are withdrawn in cash dollars or the sender’s currency.
Wire transfers are withdrawn in cash Dollar banknotes depending on the amount.
Lira Rate Intraday Currency News:
- The banks are operating with only 25% of employees during the lockdown until the end of November.
- The Dollar to Lebanese Lira exchange market witnessed unusual activity yesterday.
- The USD to LBP gained massively during the past week and gained additional points on Sunday, 16 November 2020.
- At 11:05 AM, Beirut time, 4 apps out of 8 reported a depreciation for the Lira of around 50 to 100 points. Will the other 4 applications follow the depreciation trend? Check back regularly to find out.
- The average Dollar to LBP, for now, is Buy 1 USD = 7,916 LL.
- The Lockdown should have had a stabling effect on the Lira depreciation rate; the opposite is happening today. The Dollar to Lebanese pound is gaining points consistently. Are the black market apps controlled by the black market currency exchange whales?
- At 11:45 AM, 4 apps and the Lirarate.com website reported an appreciation of 50 points for the Lira To Dollar.
- At 1:30 PM, 6 apps reported a loss for the Dollar to Lebanese Lira of an average of 25 points.
- Lebanon’s political stagnation and the failure to form a new government are for sure factors that lead to the Lira devaluation. Still, are there other factors involved, such as market manipulation?
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