LBP (ل.ل)

Currency: Lebanese pound

The Lebanese pound is the official currency of Lebanon. One US dollar is worth around 1,500.00 LBP. The Lebanese pound is the currency of Lebanon. It was first introduced in 1924, replacing the Ottoman lira. The pound is divided into 100 piastres or qirsh. The currency is issued by the Banque du Liban. The Lebanese pound has been subject to high inflation and depreciation, so banknotes are issued in denominations as high as 100,000 pounds. The Lebanese pound has been pegged to the U.S. dollar at a rate of 1,507.5 pounds per dollar since 1997.