Lebanese Pound Wiki
The Lebanese pound (Arabic: ليرة لبنانية lira libnaniyya; French: livre libanaise; sign: ل.ل., ISO 4217: LBP) is the currency of Lebanon. It used to be divided into 100 piastres (or qirsh) but high inflation in the Lebanese Civil War has eliminated the need for subdivisions. The plural form of lira, as used on the currency, is either lirat (ليرات) or the same, whilst there were four forms for qirsh: the dual qirshān (قرشان), the plural qurush (قروش) used with numbers 3–10, the accusative singular qirshan (قرشا) used with 11–99, or the genitive singular qirshi (قرش) used with multiples of 100. In both cases, the number determines which plural form is used. Before the Second World War, the Arabic spelling of the subdivision was غرش (girsh). All of Lebanon's coins and banknotes are bilingual in Arabic and French. Since December 1997 the rate of the pound has been fixed at 1515.02 pounds per US$ (14/02/2020). Since August 2019, the pressure on the peg has started, creating a parallel rate in the market. The two-rate market is a textbook case of weakening Central Bank reserves that are not able to defend the official exchange rate. Continuous financial pressures driven by unsustainable sovereign debt, high trade deficit and deposit outflows due to loss of confidence are threatening the peg for the first time since 1992. Since January 10th 2020 the rate has been going back down to normal rates (now hovering under 2000) due to The central Bank Of Lebanon and Exchange Houses devising plans and reaching deals in order to stabilize the Lira. With a relatively large amount of citizens rushing to sell their dollars as trust in the pound rises again. With currencyconverts.com you can convert Lebanese Pound (ل.ل) to any other foreign currency. To convert a certain amount of Lebanese Pound use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for Lebanese Pound is calculated from mid-market real price and updates daily. Usually people search for LBP exchange rate before business travel to Lebanon, or during trip to other countries and want to check rate of Lebanese Pound in local money. On this page you can convert Lebanese Pound to main foreign currencies, get fast access to most used amounts of LBP or aether calculate any amount of Lebanese Pound in other fiat money.