Convert United States Dollar to Lebanese Pound
Please provide values below to convert United States Dollar [USD] to Lebanese Pound [LBP], or Convert Lebanese Pound to United States Dollar.
How to Convert United States Dollar to Lebanese Pound
1 USD = 1.11731843575419e-05 LBP
Example: convert 15 USD to LBP:
15 USD = 15 × 1.11731843575419e-05 LBP = 0.000167597765363128 LBP
United States Dollar to Lebanese Pound Conversion Table
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.