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

Moroccan dirham lebanese pound history for December 2023. The highest quote for this month is 1569.14 (29/12/2023) and the lowest 1573.77 (28/12/2023). The difference between high and low is -0.3.

MAD LBP average rate for December 2023 is 1508.79321, the change between 01/12/2023 and 31/12/2023 is +0.77 %.

01 December 2023	1 MAD = 1535.94 LBP
02 December 2023	1 MAD = 1487.86 LBP
03 December 2023	1 MAD = 1487.48 LBP
04 December 2023	1 MAD = 1536.72 LBP
05 December 2023	1 MAD = 1495.02 LBP
06 December 2023	1 MAD = 1485.76 LBP
07 December 2023	1 MAD = 1487.25 LBP
08 December 2023	1 MAD = 1479.23 LBP
10 December 2023	1 MAD = 1476.33 LBP
11 December 2023	1 MAD = 1527.58 LBP
12 December 2023	1 MAD = 1521.47 LBP
13 December 2023	1 MAD = 1523.39 LBP
14 December 2023	1 MAD = 1472.52 LBP
15 December 2023	1 MAD = 1487.79 LBP
16 December 2023	1 MAD = 1482.61 LBP
17 December 2023	1 MAD = 1482.61 LBP
18 December 2023	1 MAD = 1532.71 LBP
19 December 2023	1 MAD = 1529.88 LBP
20 December 2023	1 MAD = 1485.64 LBP
21 December 2023	1 MAD = 1496.51 LBP
22 December 2023	1 MAD = 1506.48 LBP
23 December 2023	1 MAD = 1512.81 LBP
24 December 2023	1 MAD = 1512.58 LBP
25 December 2023	1 MAD = 1565.25 LBP
26 December 2023	1 MAD = 1565.25 LBP
27 December 2023	1 MAD = 1513.97 LBP
28 December 2023	1 MAD = 1531.39 LBP
29 December 2023	1 MAD = 1524.18 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