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

Moroccan dirham lebanese pound history for October 2023. The highest quote for this month is 1533.59 (31/10/2023) and the lowest 1520.03 (12/10/2023). The difference between high and low is 0.88.

MAD LBP average rate for October 2023 is 1472.49929, the change between 01/10/2023 and 31/10/2023 is -0.03 %.

01 October 2023	1 MAD = 1458.60 LBP
02 October 2023	1 MAD = 1509.44 LBP
03 October 2023	1 MAD = 1453.91 LBP
04 October 2023	1 MAD = 1452.99 LBP
05 October 2023	1 MAD = 1456.17 LBP
06 October 2023	1 MAD = 1495.28 LBP
07 October 2023	1 MAD = 1461.35 LBP
09 October 2023	1 MAD = 1512.55 LBP
10 October 2023	1 MAD = 1492.20 LBP
11 October 2023	1 MAD = 1462.42 LBP
12 October 2023	1 MAD = 1462.79 LBP
13 October 2023	1 MAD = 1464.13 LBP
16 October 2023	1 MAD = 1516.61 LBP
17 October 2023	1 MAD = 1463.90 LBP
18 October 2023	1 MAD = 1464.84 LBP
19 October 2023	1 MAD = 1507.38 LBP
20 October 2023	1 MAD = 1456.31 LBP
21 October 2023	1 MAD = 1452.88 LBP
22 October 2023	1 MAD = 1452.88 LBP
23 October 2023	1 MAD = 1503.59 LBP
24 October 2023	1 MAD = 1453.97 LBP
25 October 2023	1 MAD = 1468.95 LBP
26 October 2023	1 MAD = 1462.76 LBP
27 October 2023	1 MAD = 1462.76 LBP
28 October 2023	1 MAD = 1458.68 LBP
29 October 2023	1 MAD = 1460.61 LBP
30 October 2023	1 MAD = 1502.96 LBP
31 October 2023	1 MAD = 1459.07 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