Convert Lebanese Pound to Gibraltar Pound
Please provide values below to convert Lebanese Pound [LBP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Lebanese Pound.
How to Convert Lebanese Pound to Gibraltar Pound
1 LBP = 120896.933675537 GIP
Example: convert 15 LBP to GIP:
15 LBP = 15 × 120896.933675537 GIP = 1813454.00513305 GIP
Lebanese Pound to Gibraltar Pound 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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.