LBPLebanese PoundLebanese Pound (LBP)
The Lebanese pound is Lebanon's national currency and is used for domestic prices, salaries, public accounts and local payment records.
- ISO code
- LBP
- Symbol
- L£
- Region
- Middle East
- Currency type
- Fiat currency
- Exchange system
- LBP is administered through Lebanon's national monetary framework; users should distinguish official accounting references from dated provider and transaction rates.
- Last reviewed
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LBP converter
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Quick facts
LBP at a glance
Currency profile
How LBP works
The Lebanese pound is Lebanon's national currency and is used for domestic prices, salaries, public accounts and local payment records.
Banque du Liban issues LBP and administers Lebanon's monetary framework. One pound is formally divided into 100 piastres, although the subdivision has little practical purchasing use.
- The Lebanese monetary unit developed from the earlier Lebanese-Syrian pound framework.
- Lebanon's exchange environment has experienced major changes since the financial crisis that began in 2019.
Context
Why this currency matters
Lebanon has used several official and market exchange references during its recent financial crisis. A conversion without a source and date can therefore be misleading. CurrencyHub presents a provider reference rate separately from any official accounting decision or customer quote, allowing the user to identify exactly what is being compared.
Monetary framework
Exchange arrangement
LBP is administered through Lebanon's national monetary framework; users should distinguish official accounting references from dated provider and transaction rates.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for LBP
Lebanese-Syrian pound framework
A pound-based monetary unit developed for Lebanon and Syria under the mandate-era system.
Banque du LibanBanque du Liban established
Lebanon created its central bank and transferred national monetary responsibilities to it.
Banque du LibanFinancial crisis changed rate environment
A banking and currency crisis produced substantial divergence among exchange references and transaction channels.
Banque du Liban
Usage and economy
How LBP is used
- Lebanese pounds denominate local prices, wages and public accounts.
- USD, EUR, JOD and TRY are useful comparison currencies for trade, remittances and travel.
Banknotes and coins
LBP currency units
Banque du Liban is the authoritative source for the current LBP banknote framework.
Banque du Liban is the authoritative source for the current LBP coin framework.
One Lebanese Pound unit is recorded with 2 decimal places and uses Piastre as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
LBP questions
Why can Lebanese pound rates differ?
Lebanon's recent monetary environment has included different official, banking and transaction references, so the source and date are essential.
Who issues the Lebanese pound?
Banque du Liban is Lebanon's central bank and currency issuer.
What is one Lebanese pound divided into?
One pound is formally divided into 100 piastres, although piastres have little practical use today.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.