Convert Lebanese Pound to British Pound Sterling
Please provide values below to convert Lebanese Pound [LBP] to British Pound Sterling [GBP], or Convert British Pound Sterling to Lebanese Pound.
How to Convert Lebanese Pound to British Pound Sterling
1 LBP = 120913.26668468 GBP
Example: convert 15 LBP to GBP:
15 LBP = 15 × 120913.26668468 GBP = 1813699.0002702 GBP
Lebanese Pound to British Pound Sterling Conversion Table
| Lebanese Pound | British Pound Sterling |
|---|
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.
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.