What is ‘LBP’
The currency abbreviation or currency symbol for the Lebanese pound (LBP), the currency for Lebanon. The Lebanese pound is made up of 100 qirsh or piastres, and is often presented with the symbol (__). This currency is also called lira in Arabice or livre in French, and all notes and coins are printed and stamped in both Arabic and French.
Explaining ‘LBP’
The Lebanese pound was first seen in coin form in 1924 with paper currency following a year later. It officially separated from Syrian currency in 1939 and became linked with the British pound after France was conquered by the Nazis in 1941. It was relinked with the franc after the war but delinked again in 1949.
Further Reading
- Monetary policy and economic growth in Lebanon – content.sciendo.com [PDF]
- Not the usual suspects: Critical indicators in a dollarized country's Financial Stress Index – www.sciencedirect.com [PDF]
- The Economics of Bounced Checks in Lebanon – search.proquest.com [PDF]
- LEBANESE MONETARY POLICY PERSPECTIVE – books.google.com [PDF]
- The 2006 war and its inter‐temporal economic impact on agriculture in Lebanon – onlinelibrary.wiley.com [PDF]
- Exploring The Effectiveness Of Financing Resources In Promoting Economic Growth In Lebanon – muse.jhu.edu [PDF]
