Convert Lebanese Pound to Cuban Peso
Please provide values below to convert Lebanese Pound [LBP] to Cuban Peso [CUP], or Convert Cuban Peso to Lebanese Pound.
How to Convert Lebanese Pound to Cuban Peso
1 LBP = 3729.16666666667 CUP
Example: convert 15 LBP to CUP:
15 LBP = 15 × 3729.16666666667 CUP = 55937.5 CUP
Lebanese Pound to Cuban Peso Conversion Table
| Lebanese Pound | Cuban Peso |
|---|
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.