LBCI

Lebanon's currency catastrophe: The 140,000 LBP to USD plunge

Lebanon Economy

21-03-2023 | 06:10

Share

Share

Lebanon's currency catastrophe: The 140,000 LBP to USD plunge

The unofficial exchange rate in Lebanon has soared, with 1 USD now equivalent to 140,000 LBP.

The largest banknote in circulation, the 100,000 LBP bill, is now worth just 71 cents.

The values of other banknotes have also been severely affected: 1,000 LBP is worth approximately 1 cent, 5,000 LBP is worth approximately 4 cents, 10,000 LBP is worth approximately 7 cents, 20,000 LBP is worth approximately 14 cents, and 50,000 LBP is worth approximately 36 cents.

This ongoing depreciation of the Lebanese pound has severe implications for the country's economy and the daily life of the average Lebanese citizen.

Lebanon News

Lebanon Economy

currency

collapse

Lebanon

US

dollar

crisis

Next

Lebanon updates fuel prices

Recommended For You

Fuel prices in Lebanon updated

Lebanon Economy

02:18

Fuel prices in Lebanon updated

Fuel prices in Lebanon updated

Lebanon Economy

2025-05-06

Fuel prices in Lebanon updated

UAE says 'yes' to Lebanon again — can Beirut turn the page?

News Bulletin Reports

2025-05-05

UAE says 'yes' to Lebanon again — can Beirut turn the page?

Lebanon eyes recovery driven by reforms with $934M in preliminary funding

News Bulletin Reports

2025-05-02

Lebanon eyes recovery driven by reforms with $934M in preliminary funding

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh

News Bulletin Reports

2025-05-08

South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh

Lebanon's finance minister refuses to sign treasury advances, vows to combat illegal economy

Lebanon Economy

2025-02-28

Lebanon's finance minister refuses to sign treasury advances, vows to combat illegal economy

Lebanese Defense Minister: Army ready to defend borders under any circumstances

2025-03-21

Lebanese Defense Minister: Army ready to defend borders under any circumstances

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

News Bulletin Reports

13:00

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

Videos

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

14:18

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Most read

24 hours

7 days

Month

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

1

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

Fuel prices in Lebanon updated

2

Fuel prices in Lebanon updated

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

3

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release

4

Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

5

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

Lebanon ready for Emirati return amid tightened airport security, interior minister says

6

Lebanon ready for Emirati return amid tightened airport security, interior minister says

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

7

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

Path to Lebanon’s banking reform law remains slow and challenging — The details

8

Path to Lebanon’s banking reform law remains slow and challenging — The details

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More