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The Sayrafa rate is the rate the central bank redeems international credit and debit card payments. "Lollar" (bank withdrawals of US$ in LL) = LL 15,000. [29] Parallel market rate = LL 89,601.44 (May 2024). [30] The parallel (or black) market rate is significantly higher than the official exchange rate.
The USD black market exchange rate continues to fluctuate substantially due to devaluation of the Lebanese pound caused by acute dollar shortages within Lebanon. [26] This dollar shortage also caused 785 restaurants and cafes to close between September 2019 and February 2020, and resulted in 25,000 employees losing their jobs.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
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Drugs and weapons abound on the black market -- but one commonplace household item is also traded like a commodity. ... CBS News. $500 million in food at spoilage risk after USAID pause, report says.
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.
The lira has been under incredible pressure amid runaway inflation and economic instability in Turkey for years, losing 40% of its value against the dollar in the past 12 months, and over 80% of ...
The black-market rate fell to LS 950 on 2 December 2019, another 25% decrease, [13] while the official rate set by the central bank was LS 434 = US$1. On 13 January 2020, the currency deteriorated further, as more than LS 1,000 was traded for US$1 in the black market, despite being valued at LS 434 = US$1 by the Syrian Central Bank. [14]