From Pocket Change to Scrap Metal: The Sad Fate of Lebanon’s Coins – LBCGroup 3/4/23


Today, many small shops and bakeries in Lebanon no longer accept coins, including the 250 LBP coin, which weighs around 5 grams and is made of yellow brass, aluminum, and zinc.

Its value as a currency today is 0.0032 USD, while its metal value is 0.025 USD, which is equivalent to 2000 LBP. This means that the value of the 250 LBP coin as a metal is eight times higher than its value as a currency….

Read More…