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LOCAL CURRENCY IN LEBANON

Need to know waht is the local currency in Lebanon? The local money in Lebanon is called Pound.

The Lebanese Pound is issued and managed by the Banque du Liban. To find out the current currency exchange rates for Pound to other major currencies of the world, click on foreign currency rates.

Lebanese Currency Information
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The currency used in Lebanon is called as the Pound. This currency is denoted with the currency sign ?.? and the ISO 4217 Code for the Lebanese Pound is LBP. The Pound, is the official currency of the Lebanon . It is divided into 100 smaller units called piastre.

The constitution of Lebanon provides that the Lebanon government shall have the power to print the Lebanese Pound and piastre coins to be used as a legal tender in Lebanon. The Lebanese Pound bank notes and Piastre coins are both designated as "legal tender" in payment of debts.

The Lebanese Pound bill uses the decimal system, consisting of 100 equal units.

The symbol ?.?, usually written before the numerical amount, is used for the Lebanese Pound.

Currently printed bank notes denominations are 1000, 5000, 10 000, 20 000, 50 000, 100 000 pounds and the coins are minted in the denominations of 250 and 500 pounds .

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The Effect of Balance of Trade and Investment on Lebanese Pound
Financial analysts regularly cite the balance of trade and investment in Lebanon as the most important influence on the value of the Pound. The difference between what the Lebanon exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Pound exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Pound exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Lebanese Pound.
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