Today, Tuesday, May 11, 2021, the Lira to Dollar exchange rate is expected to be volatile as the black market apps behavior has shown the past couple of days.
The black market applications activity for the past couple of days is disastrous.
Even though the general prosecutor decided to shut down Lirarate.com and Lebaneselira.org, the impact of the applications on the public sentiment and rates is enormous.
Ironically, Lirarate.com created a copy cat Lirarate.org and most probably dailylira.com.
All the excuses that nothing can be done to stop the applications are a blatant lie.
Boycott the black market applications and report them to Google as unregulated, currency manipulators, and spammy.
To check yesterday’s USD to LBP rates, click here: Dollar Rate In Lebanon.
The Dollar to Lebanese Lira currency rates and hourly updates according to the black market application “Adde Dollar” are as follows:
Lira To Dollar Exchange Rate:
-Buy 1 USD = 12,625 LBP at 18:30 PM
-Sell 1 USD = 12,575 LBP at 18:30 PM
-Buy 1 USD = 12,650 LBP at 18:00 PM
-Sell 1 USD = 12,600 LBP at 18:00 PM
-Buy 1 USD = 12,700 LBP at 11:50 AM
-Sell 1 USD = 12,650 LBP at 11:50 AM
-Buy 1 USD = 12,550 LBP at 10:00 AM
-Sell 1 USD = 12,500 LBP at 10:00 AM
DISCLAIMER: WE DO NOT ENDORSE, SUPPORT, OR ADVERTISE ANY OF THE BLACK MARKET APPLICATIONS MENTIONED ON THIS WEBSITE. OUR PURPOSE IS TO EXPOSE THE TRUTH ABOUT THOSE APPS AND WEBSITES.
Intraday Currency News:
- The currency’s market did not open yet, as of 10:00 AM, Beirut time. The Buy 1 Dollar rate is 12,550 LBP.
- Invest in the most traded cryptocurrency, Bitcoin. Check out this post about the opportunity: Where To Invest In Bitcoin.
- If you are new to forex and are looking to make money from currency trading. Check out this article: Forex Day Trading Signals.
- First Dollar rate update at 11:50 AM by 150 points. The first sudden increase for today.
- At 18:00 PM, the Dollar to Lebanese lira price is 12,650 LBP to the Dollar.
Jad Ghosn’s Opinion About Recent BDL Statement:
In this interview, Jad Ghosn explains why Riad Salameh’s statement about the cash USD withdrawals for small account owners is a mirage.
As usual, Jad explains in simple terms why this one-sided decision has no future whatsoever.
The BDL statement:
After the success of Circular 154 and the banks ’commitment to its components, the BDL is working to launch an initiative aimed at comforting the Lebanese within the laws and principles that sponsor the work of the Banque du Liban, despite the suffocating crisis deepened by the absence of an effective government that would undertake the required reforms and restore Lebanon’s Arab and international relations and internal and external confidence.
This initiative is based on: “The Banque du Liban is currently negotiating with Lebanese banks with the aim of adopting a mechanism whereby banks will begin to gradually pay off deposits that existed before October 17, 2019, and as they became on March 31, 2021, in all currencies.
To this end, the Banque du Liban asked the banks to provide it with data to build upon a plan in which sums amounting to $ 25,000 would be paid, in US dollars or any foreign currency, in addition to what is equal to it in Lebanese pounds.
These sums will be divided into installments over a period to be determined by the Banque du Liban shortly.
It is expected that the payment will start from June 30, 2021, subject to obtaining legal coverage.
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