Historic Lebanese pound Qatari Rial

Lebanese pound qatari rial history for January 2024. The highest quote for this month is 0.000243 (02/01/2024) and the lowest 0.000244 (11/01/2024). The difference between high and low is -0.41.

LBP QAR average rate for January 2024 is 0.00024, the change between 01/01/2024 and 31/01/2024 is -0.41 %.

01 January 20241 LBP = 0.0002 QAR
02 January 20241 LBP = 0.0002 QAR
03 January 20241 LBP = 0.0002 QAR
04 January 20241 LBP = 0.0002 QAR
05 January 20241 LBP = 0.0002 QAR
06 January 20241 LBP = 0.0002 QAR
07 January 20241 LBP = 0.0002 QAR
08 January 20241 LBP = 0.0002 QAR
09 January 20241 LBP = 0.0002 QAR
10 January 20241 LBP = 0.0002 QAR
11 January 20241 LBP = 0.0002 QAR
12 January 20241 LBP = 0.0002 QAR
14 January 20241 LBP = 0.0002 QAR
15 January 20241 LBP = 0.0002 QAR
16 January 20241 LBP = 0.0002 QAR
17 January 20241 LBP = 0.0002 QAR
18 January 20241 LBP = 0.0002 QAR
19 January 20241 LBP = 0.0002 QAR
22 January 20241 LBP = 0.0002 QAR
23 January 20241 LBP = 0.0002 QAR
24 January 20241 LBP = 0.0002 QAR
25 January 20241 LBP = 0.0002 QAR
26 January 20241 LBP = 0.0002 QAR
28 January 20241 LBP = 0.0002 QAR
29 January 20241 LBP = 0.0002 QAR
30 January 20241 LBP = 0.0002 QAR
31 January 20241 LBP = 0.0002 QAR

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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