Convert Lebanese Pound to Kyrgyzstani Som
Convert Lebanese Pound (LBP) to Kyrgyzstani Som (KGS) 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 Kyrgyzstani Som
The Kyrgyzstani Som (KGS) has been the official currency of Kyrgyzstan since 1993, replacing the Soviet ruble following independence. The word "som" means "pure" in Kyrgyz and several other Turkic languages, historically referring to pure silver or gold. The National Bank of the Kyrgyz Republic manages monetary policy with a managed float regime. Kyrgyzstan is a Central Asian country with a landlocked mountain economy dependent on gold mining (the Kumtor mine is one of Central Asia's largest), remittances from workers in Russia and Kazakhstan, agriculture, and some manufacturing.
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).