Lebanese Pound (Noun)
Meaning
The basic unit of money in Lebanon; equal to 100 piasters.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Lebanese pound is pegged to the US dollar at a fixed rate of 1 USD to 1507.5 LBP.
- Local food prices fluctuated greatly in the last year due to the high inflation of the Lebanese pound.
- He found the exchange rate between the Euro and the Lebanese pound to be around 1 EUR to 2300 LBP.
- Tourists often need to convert their foreign currency into the Lebanese pound before heading to Lebanon.
- After hyperinflation began, the Lebanese pound's value decreased significantly against other major world currencies.