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What is Lebanese Pound mean?
The Lebanese pound (Arabic: ليرة لبنانية līra Libnāniyya; French: livre libanaise; sign: LL in Latin, ل.ل. in Arabic, ISO 4217: LBP) is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh) but because of high inflation during the Lebanese Civil War (1975–1990) the use of subdivisions was discontinued.
The plural form of lira, as used in relation to the currency, is either lirat (ليرات līrāt) or invariant, whilst there were four forms for qirsh: the dual qirshān (قرشان) used with number 2, the plural qurush (قروش) used with numbers 3–10, the accusative singular qirshan (قرشا) used with 11–99, and the genitive singular qirshi (قرش) used with multiples of 100. The number determines which plural form is used. Before World War II, the Arabic spelling of the subdivision was غرش (girsh). All of Lebanon's coins and banknotes are bilingual in Arabic and French.
Since December 1997, the exchange rate has been fixed at LL1,507.5 per USD. However since the 2020 economic crisis in Lebanon exchange at this rate is generally unavailable, and an informal currency market has developed with much higher exchange rates.
referencePosted on 25 Oct 2024, this text provides information on Miscellaneous in Country Currency related to Country Currency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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