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 ?
Even when asked in mid-November by a CNBC interviewer how frustrated he was about the disruption of Lebanon's economic recovery by the latest political turn, Salameh's answer was, "The Lebanese lira will remain stable.
BEIRUT: Speaking before a packed conference room of Arab bankers and financial analysts, Lebanon's Central Bank governor tried to reassure the audience that the Lebanese lira was stable, despite recent rumors of an unstable currency.
Salemeh asserted the Bank's persistence to carry out its policy aiming at stabilizing the Lebanese Lira interests to ensure capacities without causing inflation.
Deposits in Lebanese lira (LL) increased by the equivalent of $2.
According to Despretz, among the exhibition's most popular pieces is the Lebanese lira trays, which are made of brass and silver and engraved with LL250 and LL500 faces.
E Is there any mechanism to account for currency fluctuations, given that the Lebanese lira is pegged to the US dollar against which the pound has dropped significantly following the Brexit vote?
Central Bank] foreign assets within the context of some foreign currency to Lebanese lira conversions and repos on foreign currency CDs [certificate deposits], in addition to a higher yearly growth in .
The festival was a success for the local cherry growers, as the 7,000 kilograms of cherries picked in one day sold for 7,000 Lebanese lira per kilogram
Non-resident deposits in Lebanese lira have risen 16 percent so far this year at commercial banks after falling 7 percent in 2011, central bank data show.
Hence, instead of paying 800 Lebanese Liras for one Kilowatt hour, the price would drop down to 350 Lebanese Lira for the same feed.
2 trillion Lebanese lira, accounting for over 95 percent of the growth in total assets.
In addition to mezze and Arabic pop stars, Tchenshol includes rings made from backgammon game pieces, pendants of nargileh pipes and Arabic coffee cups, and mini-brooches made from tiny Lebanese lira.

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