Historic Chinese Yuan Renminbi Lebanese pound

Chinese Yuan Renminbi lebanese pound history for October 2023. The highest quote for this month is 2093.5 (03/10/2023) and the lowest 2094.02 (02/10/2023). The difference between high and low is -0.02.

CNY LBP average rate for October 2023 is 2061.2075, the change between 01/10/2023 and 31/10/2023 is +0.16 %.

01 October 20231 CNY = 2054.65 LBP
02 October 20231 CNY = 2097.34 LBP
03 October 20231 CNY = 2089.17 LBP
04 October 20231 CNY = 2085.68 LBP
05 October 20231 CNY = 2083.25 LBP
06 October 20231 CNY = 2077.10 LBP
07 October 20231 CNY = 2054.65 LBP
09 October 20231 CNY = 2044.45 LBP
10 October 20231 CNY = 2055.92 LBP
11 October 20231 CNY = 2056.20 LBP
12 October 20231 CNY = 2051.47 LBP
13 October 20231 CNY = 2054.37 LBP
16 October 20231 CNY = 2092.39 LBP
17 October 20231 CNY = 2052.86 LBP
18 October 20231 CNY = 2051.51 LBP
19 October 20231 CNY = 2050.05 LBP
20 October 20231 CNY = 2051.65 LBP
21 October 20231 CNY = 2050.58 LBP
22 October 20231 CNY = 2050.58 LBP
23 October 20231 CNY = 2045.68 LBP
24 October 20231 CNY = 2051.52 LBP
25 October 20231 CNY = 2069.07 LBP
26 October 20231 CNY = 2051.07 LBP
27 October 20231 CNY = 2051.29 LBP
28 October 20231 CNY = 2050.16 LBP
29 October 20231 CNY = 2050.16 LBP
30 October 20231 CNY = 2089.60 LBP
31 October 20231 CNY = 2051.39 LBP

17/10/2019: Protests against economic crisis

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

29/11/2015: Inclusion of the Renminbi in IMF's SDR Basket

The International Monetary Fund (IMF) includes the Renminbi in its Special Drawing Rights (SDR) basket, recognizing its global importance as a reserve currency and boosting the international status of the Chinese Yuan Renminbi.

18/06/2009: Resumption of Renminbi Appreciation

China allows the Renminbi to resume an appreciation trajectory against the US dollar after a period of stability, signaling a shift in the country's exchange rate policy.

20/07/2005: Introduction of Managed Float

China adopts a managed floating exchange rate system, allowing the Renminbi to fluctuate within a narrow band against a basket of currencies, reducing its dependence on the US dollar.

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.

31/12/1993: Renminbi Pegged to US Dollar

China pegs the value of the Renminbi to the US dollar, setting an exchange rate of 8.28 Yuan per dollar, which remains fixed for over a decade, impacting China's export competitiveness.

31/12/1992: Introduction of Dual Currency System

China introduces a dual currency system, with the offshore Renminbi (CNH) and the onshore Renminbi (CNY), aiming to facilitate foreign exchange flows and international trade.

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.

01/01/1976: Lebanese Civil War

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

14/08/1971: End of the Bretton Woods System

The United States suspends the convertibility of the US dollar to gold, leading to the collapse of the Bretton Woods System and a shift towards floating exchange rates, affecting the value of the Chinese Yuan Renminbi.

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.

14/12/1948: Formation of the People's Bank of China

The People's Bank of China was established, marking the beginning of central banking in China and the introduction of the Chinese Yuan Renminbi as the official currency.

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.