Lebanon's currency plummets reaching an all-time low of 12,400 pounds to US dollar | Al Arabiya English
![Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East](https://www.al-monitor.com/sites/default/files/styles/social_media_share/public/2023-02/GettyImages-1243421334.jpg?h=d7ed24f8&itok=hYEUxw85)
Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East
![What 100$ was worth in October vs What 100$ is worth today in Lebanon. The Lebanese lira was pegged to the dollar (at a rate of 1500) since 1997, it has lost What 100$ was worth in October vs What 100$ is worth today in Lebanon. The Lebanese lira was pegged to the dollar (at a rate of 1500) since 1997, it has lost](https://i.redd.it/st273mmnd9851.jpg)
What 100$ was worth in October vs What 100$ is worth today in Lebanon. The Lebanese lira was pegged to the dollar (at a rate of 1500) since 1997, it has lost
![Lira Libanese (sterlina libanese) valuta con 100 USD - la valuta libanese ha perso più del 90 per cento del suo valore da ottobre 2019 Foto stock - Alamy Lira Libanese (sterlina libanese) valuta con 100 USD - la valuta libanese ha perso più del 90 per cento del suo valore da ottobre 2019 Foto stock - Alamy](https://c8.alamy.com/compit/2gy7j63/lira-libanese-sterlina-libanese-valuta-con-100-usd-la-valuta-libanese-ha-perso-piu-del-90-per-cento-del-suo-valore-da-ottobre-2019-2gy7j63.jpg)
Lira Libanese (sterlina libanese) valuta con 100 USD - la valuta libanese ha perso più del 90 per cento del suo valore da ottobre 2019 Foto stock - Alamy
![The value of the Lebanese lira has plunged to a new record low with parallel market exchangers selling dollars for over LL18,000 - L'Orient Today The value of the Lebanese lira has plunged to a new record low with parallel market exchangers selling dollars for over LL18,000 - L'Orient Today](https://s.lorientlejour.com/storage/attachments/1268/lirajune11_610673.jpg/r/800/lirajune11_610673.jpg)