Historic Qatari Rial Lebanese pound

Qatari Rial lebanese pound history for February 2024. The highest quote for this month is 24642.5 (28/02/2024) and the lowest 24602.2 (28/02/2024). The difference between high and low is 0.16.

QAR LBP average rate for February 2024 is 11490.0828, the change between 01/02/2024 and 29/02/2024 is -493.51 %.

01 February 20241 QAR = 4137.15 LBP
02 February 20241 QAR = 4122.14 LBP
03 February 20241 QAR = 4120.88 LBP
04 February 20241 QAR = 4120.88 LBP
05 February 20241 QAR = 4157.37 LBP
06 February 20241 QAR = 4124.18 LBP
07 February 20241 QAR = 4166.42 LBP
08 February 20241 QAR = 4122.46 LBP
09 February 20241 QAR = 4124.76 LBP
12 February 20241 QAR = 4116.80 LBP
13 February 20241 QAR = 4122.85 LBP
14 February 20241 QAR = 4143.76 LBP
15 February 20241 QAR = 4114.36 LBP
16 February 20241 QAR = 4122.58 LBP
19 February 20241 QAR = 4120.88 LBP
20 February 20241 QAR = 4107.10 LBP
21 February 20241 QAR = 24519.80 LBP
22 February 20241 QAR = 24598.40 LBP
23 February 20241 QAR = 24598.00 LBP
24 February 20241 QAR = 24587.90 LBP
25 February 20241 QAR = 24587.90 LBP
26 February 20241 QAR = 24558.50 LBP
27 February 20241 QAR = 24601.40 LBP
28 February 20241 QAR = 24601.40 LBP
29 February 20241 QAR = 24554.20 LBP

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
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