![Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East](https://www.al-monitor.com/sites/default/files/styles/article_header/public/2023-02/GettyImages-1243421334.jpg?h=d7ed24f8&itok=Jhwn4OAz)
Explainer: What is behind Lebanon's new exchange rate? - Al-Monitor: Independent, trusted coverage of the Middle East
![Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy](https://c8.alamy.com/zooms/6/819787cbc51f4731b4e8e84ee066ee10/2gy7j54.jpg)
Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy
![Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy](https://c8.alamy.com/zooms/6/849d6d76072e4322a9889ed8b27dc947/2g5pryc.jpg)
Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy
![Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy Lebanese Lira (Lebanese Pound) currency - The Lebanese currency has lost more than 90 percent of its value since October 2019 Stock Photo - Alamy](https://c8.alamy.com/zooms/6/27baca026e594d5887b16c9994336134/2gy7j5t.jpg)