Close Menu
    Facebook X (Twitter) Instagram
    Sunday, June 22, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    • AUB Outdoors ☀️
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    TDS/Mohamad Azakir
    1 Min Read

    Lebanese Pound Exchange Rate Drops Again Reaching A New Low

    By Souad LazkaniFebruary 26, 2021
    Facebook WhatsApp Copy Link

    The Lebanese pound continued dropping on the black market on Friday morning recording brand new lows.

    The Lira is currently trading at 9,675 LBP with black market traders selling the dollar for 9,700 LBP and buying it for 9,650 LBP.

    On Thursday evening, black market traders were selling the dollar for 9,650 LBP and buying it for 9,600 LBP.

    It’s worth noting that the highest exchange rate the dollar has reached on the black market since the beginning of the financial crisis in Lebanon was 9,700 LBP last year in July.

    The low value of the Lira is giving a new meaning to “minimum” wage in both the public and private sector in Lebanon.

    In fact, a local research firm, Informational International, published a study comparing the salary value of different professions before the financial crisis and now. The numbers are shocking.

    For example, the salary of a Lebanese University professor which was worth $2,466 before the devaluation is now worth $394.

    While forming a government in line with the French initiative is believed to be able to restore stability in Lebanon and revive the economy, it appears this is not a priority for the ruling decision-makers.

    Economic Crisis Lebanese Lira
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    Low-Cost Lebanese Airline 961

    We Might Finally Be Getting A Low-Cost Lebanese Airline – Here’s What We Know

    lebanon jounieh cyprus by ferry 961

    You’ll Soon Be Able To Travel Between Lebanon & Cyprus By Ferry

    June 8, 2025
    Michel Hayek

    Michel Hayek 2025: Predictions For The World

    December 31, 2024
    whish pay lebanon 961

    You Can Now Use Whish Pay At Shopify Stores

    June 13, 2025

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    Michel Hayek

    Michel Hayek 2025: Predictions For Lebanon

    December 31, 2024
    lebanon cybergames 2025 hacking 961

    Lebanon Just Won A Global Hacking Competition

    June 10, 2025
    Michel Hayek

    Michel Hayek 2025: Predictions For The Middle East

    December 31, 2024
    lebanese beer brands almaza beirut beer 961

    Lebanese Beer Brands Are Publicly Throwing Shade, And It’s Getting Frothy

    June 7, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay