Lebanese pound

Lebanese pound
ليرة لبنانية (Arabic)
livre libanaise (French)
ISO 4217
CodeLBP
Denominations
Subunit
 ​1100qeresh
Symbolل.ل.
LL (international)
Banknotes1000, 5000, 10 000, 20 000, 50 000, 100 000 pounds
Coins25, 50, 100, 250, 500 pounds
Demographics
User(s) Lebanon
Issuance
Central bankBanque du Liban
 Websitewww.bdl.gov.lb
Valuation
Inflation4.2%
 SourceThe World Factbook, 2007 est.
Pegged withUS dollar
US$ = 1507.5 LBP[1]

The Lebanese pound (Arabic: ليرةlira; French: livre; sign: ل.ل.‎, ISO 4217: LBP) is the currency of Lebanon. It used to be divided into 100 piastres (or qirsh) but inflation has eliminated the subdivisions.

The plural form of lira, as used on the currency, is either lirat (ليرات) or the same, whilst there were four forms for qirsh: the dual qirshan (قرشان), the plural qirush (قروش) used with numbers 3–10, the accusative singular qirsha (قرشا) used with 11–99, or the genitive singular qirshi (قرش) used with multiples of 100. In both cases, the number determines which plural form is used. Before the Second World War, the Arabic spelling of the subdivision was غرش (girsh). All of Lebanon's coins and banknotes are bilingual in Arabic and French.

History

Before World War I, the Ottoman lira was used. In 1918, after the fall of the Ottoman Empire, the currency became the Egyptian pound. Upon gaining control of Syria and Lebanon, the French replaced the Egyptian pound with a new currency for Syria and Lebanon, the Syrian pound, which was linked to the French franc at a value of 1 pound = 20 francs. Lebanon issued its own coins from 1924 and banknotes from 1925. In 1939, the Lebanese currency was officially separated from that of Syria, though it was still linked to the French franc and remained interchangeable with Syrian money. In 1941, following France's defeat by Nazi Germany, the currency was linked instead to the British pound sterling at a rate of 8.83 Lebanese pounds = 1 pound sterling.[2] A link to the French franc was restored after the war but was abandoned in 1949.

Before the Lebanese Civil War, 1 U.S. dollar was worth 3 pounds. During the civil war the value decreased rapidly until 1992, when one dollar was worth over 2500 pounds. Subsequently the value increased again, and since December 1997 the rate of the pound has been fixed at 1507.5 pounds per US$.[3]

Other Languages
العربية: ليرة لبنانية
azərbaycanca: Livan funtu
Bân-lâm-gú: Lī-pa-lùn pound
беларуская: Ліванскі фунт
беларуская (тарашкевіца)‎: Лібанскі фунт
български: Ливанска лира
español: Libra libanesa
Esperanto: Libana liro
français: Livre libanaise
বিষ্ণুপ্রিয়া মণিপুরী: লেবানিজ পাউন্ড
Bahasa Indonesia: Pound Lebanon
italiano: Lira libanese
lietuvių: Libano svaras
Nederlands: Libanees pond
português: Libra libanesa
саха тыла: Либан лирата
slovenščina: Libanonski funt
српски / srpski: Либанска фунта
Türkçe: Lübnan lirası
українська: Ліванський фунт
中文: 黎巴嫩鎊