Lebanese pound
E26658
The Lebanese pound is the official currency of Lebanon, historically pegged to the US dollar but heavily devalued in recent years due to the country’s financial crisis.
Aliases (1)
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
fiat currency
→
national currency → |
| alsoKnownAs |
lira
→
lira libanaise → |
| centralBank |
Bank of Lebanon
→
Banque du Liban → |
| circulatesAlongside |
United States dollar in Lebanon
→
|
| country |
Lebanon
→
|
| crisisPeriod |
from 2019 onwards
→
|
| crisisRelatedTo |
Lebanese financial crisis
→
|
| denominationContext |
prices in Lebanon often quoted in US dollars and Lebanese pounds
→
|
| denominationType |
banknotes
→
coins → |
| exchangeRateRegime |
managed peg (historically)
→
|
| hasBlackMarketRate |
yes
→
|
| hasExperienced |
currency crisis
→
high inflation → |
| hasInformalAbbreviation |
LBP
→
|
| historicalPegRate |
1507.5 LBP per USD
→
|
| historicalStatus |
relatively stable before 2019 crisis
→
|
| inflationEffect |
sharp loss of purchasing power
→
|
| introduced |
1920s
→
|
| ISO4217Code |
LBP
→
|
| isSubjectOf |
Lebanese liquidity crisis
→
Lebanese sovereign debt crisis → |
| languageOnCurrency |
Arabic
→
English → French → |
| legalTenderIn |
Lebanon
→
|
| monetaryAuthority |
Banque du Liban
→
|
| monetaryPolicyBy |
Banque du Liban
→
|
| officialCurrencyOf |
Lebanon
→
|
| peggedTo |
United States dollar
→
|
| pegType |
de facto peg
→
|
| region |
Middle East
→
|
| regionUsage |
Republic of Lebanon
→
|
| replaced |
Egyptian pound in Lebanon
→
|
| status |
heavily devalued
→
|
| subunit |
piastre
→
|
| subunitToUnit |
100 piastres = 1 Lebanese pound
→
|
| symbol |
LL
→
ل.ل → |
| usedFor |
domestic transactions in Lebanon
→
|
| usedIn |
Lebanon
→
|
| writingSystemForSymbol |
Arabic script
→
|
Referenced by (4)
| Subject (surface form when different) | Predicate |
|---|---|
|
Beirut
→
Lebanon → |
currency |
|
Lebanese pound
("lira libanaise")
→
|
alsoKnownAs |
|
North Governorate
→
|
usesCurrency |