The official exchange rate is at 1 USD:1500 Lebanon Pound, however it seems the current street rate is at 1:6000 due to the recent situations (protest, covid, explosion, etc...). I have a trip booked for November 2020 and wonder how should I exchange money to not overpay?

I don't want to put myself in any danger, but don't want to lose out on 4x the value.

  • 3
    Umm...My crystal ball is a bit cloudy today... – user105640 Oct 11 '20 at 1:50
  • Very carefully? Is it legal to exchange on the streets and are you trained in not getting scammed, as not all street exchangers are honest. – Willeke Oct 11 '20 at 7:16
  • Opinion-based, as your risk tolerance and experience will differ from others'. – DavidSupportsMonica Oct 11 '20 at 14:44
  • When I was in Lebanon last year I used mostly dollars to pay for purchases, restaurants etc... At that time it was indeed 1500 Livres to the Dollar. I don't know what exchange rate the shops would use now, but if the street rate is 1:6000 everything above that would be a win for the store. So just use dollars. – Krist van Besien Oct 12 '20 at 3:34

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