Convert Cayman Islands Dollar to Lebanese Pound
Please provide values below to convert Cayman Islands Dollar [KYD] to Lebanese Pound [LBP], or Convert Lebanese Pound to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Lebanese Pound
1 KYD = 9.31061452513967e-06 LBP
Example: convert 15 KYD to LBP:
15 KYD = 15 × 9.31061452513967e-06 LBP = 0.000139659217877095 LBP
Cayman Islands Dollar to Lebanese Pound Conversion Table
Cayman Islands Dollar | Lebanese Pound |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.