Previously 1.500 Lebanese pound convertible 1 USD, exceeding 1.8 Lebanese pound convertible 1 RMB; Although this currency is not freely circulated internationally, it can be used and freely convertible in this country. However, since 20 19 and 12, Lebanon has suffered a serious economic crisis. Compared with the previous exchange rate of 1500, the exchange rate depreciated by 75%, reaching 1 USD to 6075.
Extended data
Lebanon's currency depreciated sharply and prices soared.
According to local media reports, on March 6th, 20021,the chairman of the Lebanese Federation of Food Importers said that the continued depreciation of the Lebanese pound led to the recent national price increase. If this situation continues, there will be a serious shortage of goods in Lebanon within one month.
It is reported that due to the devaluation of the Lebanese pound and soaring prices, some supermarkets have snapped up goods, and gas stations in the southern province of Nabatiyah have experienced fuel shortages and restricted sales.