Lebanese Pound

About The Lebanese Pound: The Currency of Lebanon

Quick Facts About the Lebanese Pound Notes

Country of Origin	Lebanon
Symbol	LL or ل.ل
Currency Code	LBP
Nick Names
Minor units	Piastre
Denominations (Banknotes)	LL 1,000, LL 5,000, LL 10,000, LL 20,000, LL 50,000 and LL 100,000
Motto
Identification Feature	The main colour used on the LL 100,000 note is green with the value written in Arabic script.
Issuing Bank	Banque du Liban
In Circulation Since	August 1, 1963

The currency used in Lebanon is abbreviated as LBP, which stands for the Lebanese pound. In the 1930s, it succeeded the Syrian pound as the country's primary unit of currency. The value of the currency plummeted all the way through the length of the civil war, which lasted from 1975 until 1990. The recent political and economic unrest in the country has resulted in a considerable devaluation of the local currency, the pound, relative to its official peg of 1507.5 pounds to one US dollar. The Lebanese Pound symbol is LL or ل.ل..

The Lebanese Pound price is INR (⚠️ 🔄) . You can keep an eye on the real-time Lebanese Pound price.

History of the Lebanese Pound

Since 1939, the Central Bank of Lebanon, also known as the Banque du Liban, has been in charge of issuing all banknotes. The denominations of the banknotes ranged from one pound to two hundred. They were issued. There are now banknotes in circulation for denominations including 1,000 pounds, 5,000 pounds, 10,000 pounds, 20,000 pounds, 50,000 pounds, and 100,000 pounds, amongst others. There are coins available in denominations of fifty pounds, one hundred pounds, and five hundred pounds.

The history of Lebanon's currency is long and eventful, beginning with the Ottoman lira and continuing on through the Egyptian pound, French franc, and Syrian pound before ultimately settling on the Lebanese pound in 1939.

The LBP is the current currency of Lebanon. Lebanon began producing coins in denominations of 2 and 5 piastres for circulation for the first time in 1924.

The first banknotes for the country were manufactured in 1925 by the Banque de Syrie et du Grand-Liban (also known as the Bank of Syria and Greater Lebanon). The smallest bill was twenty-five piastres, while the largest bill was one hundred lek. 1939 was the year when it became known as the Bank of Syria and Lebanon after undergoing a name change. This is the first year that the LL 250 bill was issued.

Even after the end of World War II, the Bank of Syria and Lebanon continued to produce banknotes for Lebanon. These banknotes, which were now known as "Lebanese pounds" (, livre libanaise), were differentiated from Syrian banknotes by using a different name.

In accordance with the Code of Money and Credit, the Banque du Liban (also known as the Bank of Lebanon) was formally established on April 1, 1964. The Bank of Lebanon was given the exclusive issuing rights for banknotes with Arabic fronts and French backs on August 1, 1963.

In order to compensate for the value of the currency being eroded by inflation during the 1980s and 1990s, new notes with a higher denomination were created and circulated.

Countries Accepting the Lebanese Pound

Amount in the Lebanese Pound You Should Carry for Your Trip

The cost of a vacation is determined by a number of factors, including the distance travelled, the speed at which it is travelled, the modes of transportation utilised, the location of accommodations, and the total amount of money spent while on vacation. A tourist in Lebanon may expect to spend approximately L£72,180 every day on their entertainment while they are here. It will cost you more than L£320,122 per day, per person, to take use of high-end services and luxuries like riding in a private vehicle, having meals cooked by a chef, and staying in hotels with five stars.

It is very likely that the entire cost of a trip for two people in Lebanon will be more than L£145,180. The cost of a standard hotel room in Lebanon can range anywhere from L£39,049 to L£176,982 per night. Your daily transportation costs in Canada could run anywhere from L£13,911 to L£59,241, depending on whether or not you choose to walk, ride the bus, or hail a cab.

You can check the live Lebanese Pound rate in order to plan a cost-effective vacation. You can also check out the Lebanese Pound to dollar rate.