EXCHANGE RATES in Lebanon country , BLACK MARKET, SAYRAFA ,BDL - take the quiz

A detailed illustration of Lebanese currency, showcasing the differences between official and black market exchange rates, with elements representing the Central Bank and economic challenges.

Understanding Lebanon's Currency Exchange

Test your knowledge about exchange rates in Lebanon, including official and black market rates, the role of Sayrafa, and the impact of the economic crisis.

  • 10 engaging questions
  • Learn more about Lebanon's financial landscape
  • Challenge yourself and see how much you know
10 Questions2 MinutesCreated by CurrencyExpert42
What is the official currency of Lebanon?
Euro
Lebanese Pound
US Dollar
British Pound
What is the current exchange rate for USD to LBP as of August 2021?
6. What is Sayrafa in Lebanon's black market?
A type of illegal drug
An underground network of smugglers
A money changer
A secret society
Which organization regulates the exchange rate in Lebanon?
International Monetary Fund
World Bank
Central Bank of Lebanon (BDL)
United Nations
What is the current black market exchange rate for USD to LBP as of August 2021?
What is the penalty for operating a black market currency exchange in Lebanon?
A fine of up to $10,000
Imprisonment for up to 5 years
Community service
Public shaming
Which country is Lebanon's largest trading partner?
United States
France
China
Syria
What is the role of the black market in Lebanon's economy?
It provides access to foreign currencies when official channels are limited or restricted
It contributes to inflation by driving up prices
It helps stabilize the exchange rate
It supports illegal activities such as money laundering
What is the purpose of Sayrafa in Lebanon's economy?
To provide a legal and regulated way to exchange foreign currencies
To support the black market by providing unofficial exchange rates
To facilitate international trade
To launder money
How has the economic crisis in Lebanon affected the exchange rate?
The official exchange rate has remained relatively stable
The black market exchange rate has skyrocketed
Foreign currency reserves have depleted
Inflation has increased
{"name":"EXCHANGE RATES in Lebanon country , BLACK MARKET, SAYRAFA ,BDL - take the quiz", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge about exchange rates in Lebanon, including official and black market rates, the role of Sayrafa, and the impact of the economic crisis.10 engaging questionsLearn more about Lebanon's financial landscapeChallenge yourself and see how much you know","img":"https:/images/course7.png"}
Powered by: Quiz Maker