Lebanese pound moroccan dirham exchange rate history (LBP MAD) August 2023

Lebanese pound moroccan dirham history for August 2023. The highest quote for this month is 0.000666 (19/08/2023) and the lowest 0.000666 (19/08/2023). The difference between high and low is 0.

LBP MAD average rate for August 2023 is 0.00065, the change between 01/08/2023 and 31/08/2023 is +0.46 %.

01 August 2023	1 LBP = 0.0007 MAD
02 August 2023	1 LBP = 0.0007 MAD
03 August 2023	1 LBP = 0.0006 MAD
04 August 2023	1 LBP = 0.0007 MAD
07 August 2023	1 LBP = 0.0006 MAD
08 August 2023	1 LBP = 0.0006 MAD
09 August 2023	1 LBP = 0.0006 MAD
10 August 2023	1 LBP = 0.0006 MAD
11 August 2023	1 LBP = 0.0006 MAD
12 August 2023	1 LBP = 0.0007 MAD
14 August 2023	1 LBP = 0.0006 MAD
15 August 2023	1 LBP = 0.0007 MAD
16 August 2023	1 LBP = 0.0007 MAD
17 August 2023	1 LBP = 0.0007 MAD
18 August 2023	1 LBP = 0.0007 MAD
19 August 2023	1 LBP = 0.0007 MAD
20 August 2023	1 LBP = 0.0007 MAD
21 August 2023	1 LBP = 0.0006 MAD
22 August 2023	1 LBP = 0.0007 MAD
23 August 2023	1 LBP = 0.0007 MAD
24 August 2023	1 LBP = 0.0007 MAD
25 August 2023	1 LBP = 0.0007 MAD
28 August 2023	1 LBP = 0.0006 MAD
29 August 2023	1 LBP = 0.0007 MAD
30 August 2023	1 LBP = 0.0007 MAD
31 August 2023	1 LBP = 0.0007 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

17/10/2019: Protests against economic crisis

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

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

01/01/1976: Lebanese Civil War

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

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.

Historic Lebanese pound Moroccan dirham