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

Moroccan dirham lebanese pound history for June 2023. The highest quote for this month is 1556.67 (28/06/2023) and the lowest 1566.37 (30/06/2023). The difference between high and low is -0.62.

MAD LBP average rate for June 2023 is 1501.99609, the change between 01/06/2023 and 30/06/2023 is -2.84 %.

01 June 2023	1 MAD = 1474.64 LBP
02 June 2023	1 MAD = 1519.09 LBP
03 June 2023	1 MAD = 1471.63 LBP
05 June 2023	1 MAD = 1522.21 LBP
06 June 2023	1 MAD = 1472.12 LBP
07 June 2023	1 MAD = 1470.73 LBP
08 June 2023	1 MAD = 1470.73 LBP
09 June 2023	1 MAD = 1484.72 LBP
12 June 2023	1 MAD = 1533.98 LBP
13 June 2023	1 MAD = 1480.77 LBP
14 June 2023	1 MAD = 1475.16 LBP
15 June 2023	1 MAD = 1489.59 LBP
16 June 2023	1 MAD = 1501.80 LBP
19 June 2023	1 MAD = 1552.58 LBP
20 June 2023	1 MAD = 1504.13 LBP
21 June 2023	1 MAD = 1502.25 LBP
22 June 2023	1 MAD = 1507.98 LBP
23 June 2023	1 MAD = 1505.27 LBP
26 June 2023	1 MAD = 1552.06 LBP
27 June 2023	1 MAD = 1510.87 LBP
28 June 2023	1 MAD = 1510.87 LBP
29 June 2023	1 MAD = 1516.19 LBP
30 June 2023	1 MAD = 1516.54 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