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 ?
Other data observations by BankData point to increasing average costs of funds for alpha banks in Lebanese lira and in foreign currency by 43 and 24 basis points (bps) respectively, which the consultancy noted was below the rise in the US benchmark rate.
The minister said there is no relation between the fiscal deficit and the exchange rate of the Lebanese lira.
This made currency stability and the Lebanese lira's parity to the dollar a necessity, in order to ensure investors secured high yields.
Download Salameh: The Lira will remain stable, our mechanisms are sufficient to comply with sanctions NNA - Central Bank Governor Riad Salameh stressed Saturday that the Lebanese Lira is stable, adding that the Central Bank's mechanisms are adequate to comply with the US imposed sanctions on Hezbollah.
In his perspective, a comparison of returns from listed assets to those on deposits in Lebanese lira (LL) would amount to comparing apples and pears.
"The [Central Bank's] purchase of local government debt from the banks as per above translates into quantitative easing and has injected significant amounts of Lebanese lira liquidity into the system in our view.
NNA - Press headlines for February 27, 2016, are as follows: AN-NAHAR: March 2 session, presidency under the "storm" weight Lebanese Lira not in danger, no progress on the Gulf level ASSAFIR: Hariri, Murad support consensus municipal elections in Bekaa Security concerns fade away with the "displaced guarantee!" AL-MUSTAQBAL: "Hizbullah" escalates provocations against the Arab Salameh hopes Lebanon resumes "good relations" with K.S.A Hariri from "Tarik Jdideh":I am staying with you AKHBAR: Sudan sells information about Hizbullah to K.S.A.
The breakdown by currency reveals that the dollarization of domestic deposits remains steady at 64 percent while dollarization of domestic loans decreased substantially from 74 percent to 71 percent during the period under study, further reasserting the Lebanese Lira (LL) as a lending currency.
But the governor didn't say if the demand for cash was mainly in foreign currency or Lebanese lira.
Salameh: Lebanese Lira stable NNA - Prime Minister Tammam Salam confirmed that the Lebanese Pound (Lira) has been able to maintain its status despite all political crises, economic downturn and terrorist threats, adding that Lebanon succeeded despite all pressures to maintain the stability of its financial status.
Other nudge experiments currently underway include efforts to increase payments in Lebanese lira (in line with the central bank's strategy to reduce dollarization in Lebanon), promote voluntary compliance with the smoking ban in restaurants, reduce illegal u-turns, and encourage victims and witnesses of government corruption to report these incidents and seek legal advice.
Rana, 31, a Syrian refugee in Lebanon, has been trying for years to enroll her children, but hasn't been able to afford the transportation fee of 45,000 Lebanese Lira per month for each child.

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