USD LBP Black Market – 9/4/2021

Today, Friday, April 9, 2021, the USD LBP black market applications did not update the Lira rate yet as of 9:30 AM, Lebanon local time.

Yesterday, the USD price increased by 200 to 250 points.

The black market apps kept increasing the Dollar price throughout the day until they reached One Dollar = 12,250 LBP.

The app’s behavior was very suspicious. The notifications kept on coming every 40 minutes or so, with most of the time a USD price increase of 25 to 50 points.

On the other hand, no political breakthrough is expected soon. The stalemate is here to stay, and it seems for long.

You can check yesterday’s Dollar to Lebanese Lira rate here: Convert Lira To Dollars.

The USD to LBP black market rates for today according to the “Adde Dollar” application are as follows:

The USD To LBP Hourly Rates:

-Buy 1 USD = 12,725 LBP at 16:40 PM

-Sell 1 USD = 12,675 LBP at 16:40 PM

-Buy 1 USD = 12,675 LBP at 16:05 PM

-Sell 1 USD = 12,625 LBP at 16:05 PM

-Buy 1 USD = 12,600 LBP at 15:30 PM

-Sell 1 USD = 12,550 LBP at 15:30 PM

-Buy 1 USD = 12,700 LBP at 15:05 PM

-Sell 1 USD = 12,650 LBP at 15:05 PM

-Buy 1 USD = 12,750 LBP at 14:35 PM

-Sell 1 USD = 12,725 LBP at 14:35 PM

-Buy 1 USD = 12,800 LBP at 13:50 PM

-Sell 1 USD = 12,725 LBP at 13:50 PM

-Buy 1 USD = 12,750 LBP at 12:15 PM

-Sell 1 USD = 12,675 LBP at 12:15 PM

-Buy 1 USD = 12,650 LBP at 11:15 AM

-Sell 1 USD = 12,550 LBP at 11:15 AM

-Buy 1 USD = 12,500 LBP at 10:45 AM

-Sell 1 USD = 12,400 LBP at 10:45 AM

-Buy 1 USD = 12,250 LBP at 9:30 AM

-Sell 1 USD = 12,200 LBP at 9:30 AM

USD LBP Black Market

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 rates, for now, are still the same as the currency’s closing rate for yesterday late afternoon. 1$= 12,250 LBP.
  • Are the applications and websites going to behave the same as yesterday? If yes, then you can expect a 250 points price increase for the USD late this afternoon.
  • We invite you all to monitor the currency exchange apps during the weekend closely.
  • The first price update will probably come at 10:00 AM, Beirut time. Stay tuned and check back regularly.
  • At 10:45 AM, a significant Dollar price increase by 250 points was reported by the black market applications.
  • What drove the USD to increase by 250 points at once? Is this going to be the trend of the day? Check back regularly for hourly updates and news.
  • Also, at 11:15 AM, a dollar appreciation of 150 points was reported by the applications. How far is this going?
  • Price update: 12:15 PM, the Dollar price rose another 100 points.
  • Lira depreciation of 50 points by 13:50 PM.
  • The first Lira gain by 50 points since yesterday late afternoon.
  • For the second time in a row, another 50 points appreciation of the Lira reached a new rate of 1$ = 12,700 LBP.
  • Third price decrease for the Dollar by 100 points at 15:30 PM. Of course, we are happy with the price decrease, but what is causing this high volatility?
  • again, the USD price increased by 75 points.
  • The weirdest notification of all is to get notified by one of the apps at 23:00 PM about the closing rate!

Central Bank of Lebanon Recent Press Release:

 

The General Secretariat of the Central Council of the Banque du Liban issued the following statement:

1- On 10/13/2020, the Minister of Finance was provided through the Government Commissioner, with his answers related to the list of information required by Alvarez and Marsal, according to the laws in force at the time.

2- On December 29, 2020, Law No. 200 was issued, according to which the provisions of the Banking Secrecy Law issued on 3/9/1956 were suspended for a period of one year.

3- In the implementation of Law No. 200 mentioned above, the Banque du Liban confirmed, by two separate decisions issued by the Central Council on 10/2/2021 and 24/3/2021, its full readiness to fully and positively cooperate with Alvarez and Marsal Company for carrying out the tasks to be assigned to it.

4- On 4/6/2021, a virtual meeting was held in the presence of representatives of the Ministry of Finance, Banque du Liban, Alvarez Company, Marsal, and the Cleary Gottlieb law firm.

5- Based on the decision of the Central Council, convened exceptionally on 4/9/2021, the Government Commissioner at the Banque du Liban was handed over the list of information provided by Alvarez and Marsal after it was updated to confirm the availability of the information required by the aforementioned company to deliver it to the Minister of Finance.

 

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