Historic Malagasy Ariary Lebanese pound

Malagasy Ariary lebanese pound history for February 2024. The highest quote for this month is 20.009 (29/02/2024) and the lowest 19.988 (29/02/2024). The difference between high and low is 0.1.

MGA LBP average rate for February 2024 is 9.27472, the change between 01/02/2024 and 29/02/2024 is -497.08 %.

01 February 20241 MGA = 3.345 LBP
02 February 20241 MGA = 3.329 LBP
03 February 20241 MGA = 3.309 LBP
04 February 20241 MGA = 3.309 LBP
05 February 20241 MGA = 3.352 LBP
06 February 20241 MGA = 3.343 LBP
07 February 20241 MGA = 3.366 LBP
08 February 20241 MGA = 3.311 LBP
09 February 20241 MGA = 3.336 LBP
12 February 20241 MGA = 3.339 LBP
13 February 20241 MGA = 3.319 LBP
14 February 20241 MGA = 3.332 LBP
15 February 20241 MGA = 3.312 LBP
16 February 20241 MGA = 3.321 LBP
19 February 20241 MGA = 3.333 LBP
20 February 20241 MGA = 3.329 LBP
21 February 20241 MGA = 19.76 LBP
22 February 20241 MGA = 19.83 LBP
23 February 20241 MGA = 19.93 LBP
24 February 20241 MGA = 19.73 LBP
25 February 20241 MGA = 19.73 LBP
26 February 20241 MGA = 19.92 LBP
27 February 20241 MGA = 19.84 LBP
28 February 20241 MGA = 19.89 LBP
29 February 20241 MGA = 19.97 LBP

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

17/10/2019: Protests against economic crisis

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

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

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.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

01/01/1976: Lebanese Civil War

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

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

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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