With the rise in prices in light of the rise in the price of the dollar, the 250-lira coin no longer has any value in buying and selling operations within the market.
Where can the 250 LBP piece be used?
In the 1990s, 250 pounds would buy a kilo of tomatoes, and in the post-2000s era, a zaatar manoushe might be bought with two pieces of 250 pounds.
Despite the decline in its value once morest the dollar, the 250 Lebanese pound coin is now considered one of the high-value metal coins, as it is made of copper, aluminum and zinc. Thus, whoever has a quantity of these coins, can take the initiative to sell them and get their price in US dollars.
In the midst of all this, there is a question that arises among people, which is as follows: Where can this coin be used at the present time?
In fact, the 250-lira coin is available in the market, but in small quantities, while its use has greatly decreased and the citizen is not getting it as easily as before, and the reason is that any bill he has to pay, its value will be rotated to be charged in paper currency. For example, if the bill is 20,500 Lebanese pounds, it is calculated as 21 thousand pounds for two reasons: The first is that this currency is currently worthless while it is also not available in the markets.
Currently, what is found is that the 250-lira coin is used with the 500-lira coin in preparing traditional or handicraft products, and it can also be used to prepare metal collars or bracelets for women.
Those wishing to purchase these handicrafts can obtain the coins, but their price will exceed the limits of their value. In fact, the value of the bracelet, which includes a piece of 250 pounds, is 180,000 pounds, or the equivalent of 6 dollars. As for the bracelet, which includes the 500-lira piece, its price is 150,000 pounds, or the equivalent of $5.
However, it turned out that there are many parties working to buy these coins in order to melt them and use the metals contained in them in other industries, especially copper and aluminum. Here, the purchase of these currencies is in dollars, and it changes successively with the change in metal prices globally.