Convert Lebanese Pound to Euro
Please provide values below to convert Lebanese Pound [LBP] to Euro [EUR], or Convert Euro to Lebanese Pound.
How to Convert Lebanese Pound to Euro
1 LBP = 104960.713029201 EUR
Example: convert 15 LBP to EUR:
15 LBP = 15 × 104960.713029201 EUR = 1574410.69543802 EUR
Lebanese Pound to Euro Conversion Table
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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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.