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Lebanese Pound (LBP)
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Description:
The official currency of Lebanon (Lebanese Pound) is pegged to the US dollar at approximately 1520 LBP to the dollar.
1 Pound = 100 Piastres
Currency history:
Lebanon became part of the Ottoman Empire on January 16, 1842 when the Mount Lebanon Emirate came to an end. After World War I, the State of Great Lebanon was declared under French Mandate, and on September 1, 1926, the Lebanese Republic was founded, gaining independence on November 26, 1941.
Ottoman Empire Piastres (XOTP) and Lira (XOTL) were used in Lebanon while it was part of the Ottoman Empire. The Piastre was divisible into 40 Paras and was issued by the Treasury. After World War I, the British occupied Lebanon and Egyptian Pounds were used until the French Mandate of Lebanon-Syria was established.
The French created the Lebanese-Syria Pound (XLSP) equal to 20 French Francs, which were used in a common currency area for both Lebanon and Syria. Banknotes were issued by the Banque de Syrie et du Grand-Liban from 1925 until 1939, and by the Banque de Syrie et du Liban from 1939 until 1964. The Government of Lebanon also issued banknotes between 1942 and 1950. On January 1, 1948, separate currencies were created for both Lebanon and Syria, leading to the creation of the Lebanese Pound (LBP). The Banque du Liban has issued banknotes since April 1, 1964. The Pound is divisible into 100 Piastres.
Historical data source: Global Financial Data
Related Information:
» Central Bank of Lebanon »
The official currency of Lebanon (Lebanese Pound) is pegged to the US dollar at approximately 1520 LBP to the dollar.
1 Pound = 100 Piastres
FX chart data provided by Saxo Bank
Currency history:Lebanon became part of the Ottoman Empire on January 16, 1842 when the Mount Lebanon Emirate came to an end. After World War I, the State of Great Lebanon was declared under French Mandate, and on September 1, 1926, the Lebanese Republic was founded, gaining independence on November 26, 1941.
Ottoman Empire Piastres (XOTP) and Lira (XOTL) were used in Lebanon while it was part of the Ottoman Empire. The Piastre was divisible into 40 Paras and was issued by the Treasury. After World War I, the British occupied Lebanon and Egyptian Pounds were used until the French Mandate of Lebanon-Syria was established.
The French created the Lebanese-Syria Pound (XLSP) equal to 20 French Francs, which were used in a common currency area for both Lebanon and Syria. Banknotes were issued by the Banque de Syrie et du Grand-Liban from 1925 until 1939, and by the Banque de Syrie et du Liban from 1939 until 1964. The Government of Lebanon also issued banknotes between 1942 and 1950. On January 1, 1948, separate currencies were created for both Lebanon and Syria, leading to the creation of the Lebanese Pound (LBP). The Banque du Liban has issued banknotes since April 1, 1964. The Pound is divisible into 100 Piastres.
Historical data source: Global Financial Data
Related Information:
» Central Bank of Lebanon »
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The currency data in this section is provided by Saxo Bank. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.
Saxo Bank or AME Info does not guarantee the accuracy or completeness of any information or analysis supplied. Saxo Bank or AME Info shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service.
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