Lebanese Pound

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Lebanese Pound

The currency of Lebanon. It was introduced in 1939, replacing the Syrian pound, though both were pegged to the French franc at the same rate and were therefore worth exactly the same. It was pegged to the British pound briefly during World War II, and suffered a great deal of inflation during the Lebanese Civil War. The Lebanese pound is also called the Lebanese lira because its Arabic name derives from the Ottoman lira.
References in periodicals archive ?
Hassan also pointed out on a previous occasion that the loans to investors ranges between 3 million Lebanese liras and 25 million liras on a period of four years with a low rate of interest.
The legislature also passed a draft law allowing the government to issue Treasury loans in Lebanese liras and dollars to pay the LL120 billion it owes to private hospitals accumulated between 2001 and 2011.
Aridi put the expenses of inner south Beirut neighborhood development at 5 billion Lebanese Liras promising that allocations could be found in the 2011 annual budget.
Sahili was pleased that for the first time in years Baalbek district got a grant of 27 billion Lebanese Liras to rebuild this ancient area.
Hasan said the dollarization rate was affecting liquidity in the local currency with people exchanging more Lebanese liras for foreign currencies.
The cost is at eight billion Lebanese Liras," explained Fatfat, "which is minimal compared to the 500 million USD of which Dinnyeh got nothing.
The court could have scentenced Nidal to prison, but only fined the famous journalist 10 million Lebanese Liras, or about US$8,000.

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