Historic Lebanese pound Albanian lek

Lebanese pound albanian lek history for February 2024. The highest quote for this month is 0.006439 (07/02/2024) and the lowest 0.006311 (14/02/2024). The difference between high and low is 1.99.

LBP ALL average rate for February 2024 is 0.00459, the change between 01/02/2024 and 29/02/2024 is +83.51 %.

01 February 20241 LBP = 0.0063 ALL
02 February 20241 LBP = 0.0064 ALL
05 February 20241 LBP = 0.0062 ALL
06 February 20241 LBP = 0.0063 ALL
07 February 20241 LBP = 0.0064 ALL
08 February 20241 LBP = 0.0064 ALL
09 February 20241 LBP = 0.0064 ALL
12 February 20241 LBP = 0.0063 ALL
13 February 20241 LBP = 0.0064 ALL
14 February 20241 LBP = 0.0064 ALL
15 February 20241 LBP = 0.0064 ALL
16 February 20241 LBP = 0.0064 ALL
19 February 20241 LBP = 0.0063 ALL
20 February 20241 LBP = 0.0063 ALL
21 February 20241 LBP = 0.0011 ALL
22 February 20241 LBP = 0.0011 ALL
23 February 20241 LBP = 0.0011 ALL
26 February 20241 LBP = 0.0010 ALL
27 February 20241 LBP = 0.0011 ALL
28 February 20241 LBP = 0.0011 ALL
29 February 20241 LBP = 0.0010 ALL

17/10/2019: Protests against economic crisis

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

31/12/2011: Replacement of 1 Lek coin

The 1 lek coin was demonetized and replaced by a banknote. The decision was made due to the high cost of producing the coin.

08/02/2000: Introduction of new banknotes and coins

A new series of banknotes and coins were introduced, featuring enhanced security features and updated designs.

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.

02/03/1997: Collapse of pyramid schemes

The collapse of pyramid schemes in Albania caused a severe economic crisis, resulting in hyperinflation and a significant devaluation of the lek.

26/06/1992: Transition to a market economy

Albania transitioned to a market economy, leading to a significant depreciation of the lek. The exchange rate changed to 1 lek = 9.3 old lek.

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.

01/10/1965: Introduction of the new lek

A new series of banknotes and coins were introduced, marking the transition to the new lek. The exchange rate was set at 1 new lek = 10 old lek.

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.

22/12/1947: Albania becomes a communist state

Following the establishment of a communist regime in Albania, the currency underwent a major devaluation, with the exchange rate changing to 1 lek = 12.5 old lek.

27/11/1941: Devaluation of the Lebanese pound

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

01/09/1926: Introduction of the Albanian lek

The lek was introduced as the official currency of Albania, replacing the previous currency, the Turkish lira. The exchange rate was set at 1 lek = 35 Turkish lira.

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.