How much is a Lebanese Lira worth?

Before the Lebanese Civil War, 1 U.S. dollar was worth 3 Lebanese Liras. During the Lebanese Civil War the value decreased rapidly until 1992, when one US Dollar was worth over 2,500 Lebanese Liras. The value increased again, and since December 1997 the rate of the Lebanese Lira has been pegged at 1507.5 Lebanese Pounds per US Dollar.

Are black market traders selling US liras in Lebanon?

As of Sunday, black market traders in Lebanon are selling the US... As of Saturday, black market traders in Lebanon are selling the US... As of Friday, black market traders in Lebanon are selling the US... Before the Lebanese Civil War, 1 U.S. dollar was worth 3 Lebanese Liras.

What happened to the lira?

After that collapse, the dollar exchange rate began to gradually decline and pegged at the end of year 1998 at an average price of 1,507.5. Twenty years later, in July 2019, the Lira gradually began to rise and reached 2,000. Then it kept increasing to 2,200 and 2,500 to 3,000 and then to 3,800, in April 2020. Nowadays, it’s exceeding 15,000.