Lebanese Pound is the official
Lebanon currency. The ISO code of Lebanese Pound is LBP. Known as Lira in Arabic, the Lebanese Pound is the standard monetary unit of Lebanon.
Before Lebanese Pound became the official currency of Lebanon, the standard currency was Ottoman Lira. This was before the First World War. With the declination of the Ottoman Empire in the year 1918, the Egyptian Pound was adopted as the currency of Lebanon. Later on there was another power shift in Lebanon. When the French took over Syria and Lebanon they made an attempt to replace the Egyptian pound with a new currency which was modeled on the French currency, Franc. During the Second World War defeat of France by Germany had its impact on the monetary standard of Lebanon. The sterling was adopted as the currency of the country. Finally Lebanon received its own currency in the year 1937.
Currency Lebanon currency includes coins with denominations of 50, 100, 250 and 500 pounds. The banknotes of Lebanon includes L£1,000, L£5,000, L£20,000, L£50,000 and L£100,000.
The exchange rates of Lebanese Pound with some of world currencies are listed below:
- Lebanese Pound is equal to 100 piastres.
- 1 US D Dollar is equal to 1,523.94 Lebanese Pound
- 1 El Salvador Colon is equal to 177.827 Lebanese Pound
- 1 Indian Rupee is equal to 37.41108 Lebanese Pound
- 1 Singapore Dollar is equal to 991.593 Lebanese Pound
- 1 Zimbabwe Dollar is equal to 6.22855 Lebanese Pound
While traveling to Lebanon if you need to exchange currency then you can go to the banks in Beirut which exchange foreign currencies. Apart from bank there are also many money exchange shops in Lebanon.
Lebanon Currency holds a significant place in Lebanon economy and business.
