Moroccan dirham lebanese pound exchange rate history (MAD LBP) August 2023

Moroccan dirham lebanese pound history for August 2023. The highest quote for this month is 1590.73 (09/08/2023) and the lowest 1595.02 (09/08/2023). The difference between high and low is -0.27.

MAD LBP average rate for August 2023 is 1535.47423, the change between 01/08/2023 and 31/08/2023 is -0.46 %.

01 August 2023	1 MAD = 1524.52 LBP
02 August 2023	1 MAD = 1521.14 LBP
03 August 2023	1 MAD = 1560.71 LBP
04 August 2023	1 MAD = 1527.49 LBP
07 August 2023	1 MAD = 1588.96 LBP
08 August 2023	1 MAD = 1571.35 LBP
09 August 2023	1 MAD = 1595.00 LBP
10 August 2023	1 MAD = 1590.73 LBP
11 August 2023	1 MAD = 1580.45 LBP
12 August 2023	1 MAD = 1519.86 LBP
14 August 2023	1 MAD = 1582.43 LBP
15 August 2023	1 MAD = 1521.01 LBP
16 August 2023	1 MAD = 1519.96 LBP
17 August 2023	1 MAD = 1515.76 LBP
18 August 2023	1 MAD = 1510.52 LBP
19 August 2023	1 MAD = 1502.51 LBP
20 August 2023	1 MAD = 1502.51 LBP
21 August 2023	1 MAD = 1568.73 LBP
22 August 2023	1 MAD = 1506.40 LBP
23 August 2023	1 MAD = 1501.35 LBP
24 August 2023	1 MAD = 1501.35 LBP
25 August 2023	1 MAD = 1494.02 LBP
28 August 2023	1 MAD = 1541.52 LBP
29 August 2023	1 MAD = 1518.90 LBP
30 August 2023	1 MAD = 1523.65 LBP
31 August 2023	1 MAD = 1531.50 LBP

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 Moroccan dirham Lebanese pound