About LebanonRates.com
About Us
LebanonRates.com is a comprehensive daily rates tracker for Lebanon, providing real-time information on currency exchange rates, fuel prices, and gold prices. Our mission is to make critical financial data easily accessible to all Lebanese.
Data Sources
We aggregate data from multiple reliable sources to ensure accuracy:
- Currency rates: Parallel market data from verified aggregators
- Fuel prices: Ministry of Energy and Water official announcements
- Gold prices: International gold market rates converted using current USD/LBP exchange rate
Methodology
Our rates are updated automatically throughout the day. Currency rates refresh hourly, while fuel prices update when new government announcements are published (typically twice weekly). Gold prices are calculated daily based on international spot prices.
Frequently Asked Questions
Is the black market rate official?
No, the black market rate is an unofficial parallel rate used by currency exchangers. While not official, it reflects the actual market value of the Lebanese Lira and is what most people use in daily transactions.
Why are there multiple dollar rates in Lebanon?
Lebanon has several exchange rates: the official peg (15,000 LBP), the Sayrafa rate (used by banks for certain transactions), customs rate, and the black market rate (what most people actually use). This situation arose from the economic crisis that began in 2019.
How accurate is your data?
We source our data from reputable aggregators and official government sources. However, rates can fluctuate throughout the day, and we update as frequently as possible to reflect current market conditions.
Can I use this site for financial decisions?
Our site provides informational data only. We do not provide financial advice. Please consult with a licensed financial advisor for investment or currency exchange decisions.