Lebanese Pound

Lebanese Pound

The Lebanese pound (Arabic: ليرة‎ lira; French: livre; sign: ل.ل.‎, ISO 4217: LBP) is the currency of Lebanon. It used to be divided into 100 piastres (or qirsh) but inflation has eliminated the subdivisions. The plural form of lira, as used on the currency, is either lirat (ليرات) or the same, whilst there were four forms for qirsh: the dual qirshan (قرشان), the plural qirush (قروش) used with numbers 3–10, the accusative singular qirsha (قرشا) used with 11–99, or the genitive singular qirshi (قرش) used with multiples of 100. In both cases, the number determines which plural form is used. Before the Second World War, the Arabic spelling of the subdivision was غرش (girsh). All of Lebanon's coins and banknotes are bilingual in Arabic and French.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

1973 Lebanese Pound to British Pound exchange rates chart

1973 LBP to GBP exchange rates graph
1973 LBP to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1973 LBP to GBP exchange rates table

Exchange LBP to GBP
1973 Lebanese Pound = 1.007 British Pound
3946 Lebanese Pound = 2.013 British Pound
9865 Lebanese Pound = 5.034 British Pound
19730 Lebanese Pound = 10.067 British Pound
Exchange Lebanese Pound to British Pound
1973 Lebanese Pound to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1973 LBP to GBP exchange rates news

Lebanon's Hariri blames Hezbollah for obstructing government formation

Lebanese Prime Minister-designate Saad al-Hariri said on Tuesday the process of forming a new govern

conditional positive
Lebanon's Aoun vows to find solution over government impasse

BEIRUT, Nov 10- Lebanese President Michel Aoun said on Saturday that a solution would be found to a political row that has blocked the formation of a.

conditional neutral
Lebanon's Jumblatt voices currency fears over political deadlock

Lebanese Druze leader Walid Jumblatt on Friday voiced fears for Lebanon's currency if the deadlock in forming a new government after a May election continues, and directed blame at the Iran-backed Hezbollah group for the delay.

conditional neutral
Lebanon cenbank head: a new govt will reduce risks, rates in economy

Lebanon's central bank governor on Wednesday said a new government that carries out reforms would increase market confidence and reduce risk and interest rates in the highly indebted country.

conditional negative
NZ dollar rallies against British pound on Brexit turmoil - sharechat.co.nz

The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency

conditional neutral
Here's what's next for British PM Theresa May

CNBC's Wilfred Frost reports on the British pound sinking and what could be next for British Prime Minister Theresa May following the resignation of two of her cabinet members.

conditional neutral
The pound is surging higher—for now—as the UK and EU finally reach a breakthrough Brexit deal

The rollercoaster ride that is the British pound has picked up the pace. The pound soared by more than 1% this afternoon on reports that UK and EU negotiators had agreed to a draft text of a Brexit agreement. Ever since the Brexit referendum in 2016, the possibility of Britain crashing out of the bloc

indicative neutral
Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

conditional negative

1973 LBP to GBP currency converter