Exchange Rate in Lebanon

Lebanon Exchange Rate | Economic News & Forecasts

Lebanon - Exchange Rate

Economic conditions remain grim. While PMI readings have risen since the early part of the year, aided by recovering activity abroad, an uptick in tourism and reduced Covid-19 restrictions, they still point to deteriorating private-sector activity. The economy continues to be held hostage to ongoing protests, sky-high inflation, institutional paralysis and acute shortages of fuel and other basic goods. Making matters worse, in August the government raised fuel prices by 66% as it partially reduced subsidies, which will further fan inflation ahead. Moreover, PM-designate Najib Mikati has yet to form a government, meaning the country has remained without a fully functioning administration for over a year. More positively, Lebanon should soon receive USD 860 million in IMF reserves, although more comprehensive international support remains conditional on the formation of a new government.

Lebanon - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)1,508  1,508  1,510  1,512  1,509  

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Lebanon Exchange Rate Chart

Lebanon Exchange Rate
Note: Lebanese pound (LBP) per U.S. dollar
Source: Thomson Reuters.

Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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