Historic Iranian Rial Lebanese pound

Iranian Rial lebanese pound history for January 2024. The highest quote for this month is 1877.24 (03/01/2024) and the lowest 1872.42 (03/01/2024). The difference between high and low is 0.26.

IRR LBP average rate for January 2024 is 0.35706, the change between 01/01/2024 and 31/01/2024 is +0.16 %.

01 January 20241 IRR = 0.3577 LBP
02 January 20241 IRR = 0.3580 LBP
03 January 20241 IRR = 0.3571 LBP
04 January 20241 IRR = 0.3571 LBP
05 January 20241 IRR = 0.3569 LBP
06 January 20241 IRR = 0.3571 LBP
07 January 20241 IRR = 0.3571 LBP
08 January 20241 IRR = 0.3560 LBP
09 January 20241 IRR = 0.3568 LBP
10 January 20241 IRR = 0.3569 LBP
11 January 20241 IRR = 0.3573 LBP
12 January 20241 IRR = 0.3568 LBP
14 January 20241 IRR = 0.3571 LBP
15 January 20241 IRR = 0.3565 LBP
16 January 20241 IRR = 0.3566 LBP
17 January 20241 IRR = 0.3575 LBP
18 January 20241 IRR = 0.3570 LBP
19 January 20241 IRR = 0.3572 LBP
22 January 20241 IRR = 0.3567 LBP
23 January 20241 IRR = 0.3569 LBP
24 January 20241 IRR = 0.3570 LBP
25 January 20241 IRR = 0.3569 LBP
26 January 20241 IRR = 0.3571 LBP
28 January 20241 IRR = 0.3571 LBP
29 January 20241 IRR = 0.3573 LBP
30 January 20241 IRR = 0.3578 LBP
31 January 20241 IRR = 0.3571 LBP

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

17/10/2019: Protests against economic crisis

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

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

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.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

27/11/1941: Devaluation of the Lebanese pound

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

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

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.