Convert Lebanese Pound to British Pound Sterling
Convert Lebanese Pound (LBP) to British Pound Sterling (GBP) using daily updated exchange rates.
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Exchange Rate
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About Lebanese Pound
The Lebanese Pound (LBP) has been in a state of severe crisis since 2019, when Lebanon entered its worst economic collapse since the civil war. The pound lost over 95% of its value as the banking system froze dollar deposits, the government defaulted on its debt, and rampant money printing fuelled hyperinflation. Formally introduced in 1939 and once pegged at 1,507 LBP per USD for decades (providing artificial stability), the multiple exchange rates and loss of the peg created a chaotic monetary situation. The Banque du Liban manages the currency.
About British Pound Sterling
The British Pound Sterling (GBP), symbolised by the pound sign "£", is the world's oldest currency still in use, with roots dating to Anglo-Saxon England in the 8th century. It is the fourth most traded currency in global forex markets and the third largest reserve currency after the US Dollar and Euro. The Bank of England, established in 1694, is the world's second oldest central bank and manages UK monetary policy. The pound is divided into 100 pence. Following Brexit in 2020, the UK maintains full monetary independence.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).