I live in Lebanon and this is my situation here:

1. My funds for immigration are in LBP (Lebanese Pounds)
2. The banks in Lebanon won't convert LBP to any foreign currency due to the current economic crisis
3. This means that I have to use exchange shops (whether in Lebanon or in Canada) to convert my money to CAD
4. Exchange shops abroad or in Lebanon are using 40% inflated rates vs the official bank rates

So my question is:

1. Is IRCC aware of this situation and which rate will they account for when calculating the currency conversion?
2. Since the CIC website clearly states that the required 12960 CAD is for settling in Canada, do I need to have enough funds for the official bank rate (although it is useless) or the exchange shops rate (which I will have to use to convert my money)?