The livre (Arabic ليرة lira, English pound, ISO 4217: LBP) is the currency unit of Lebanon. It is theoretically divided into 100 piastres (قرش, qirsh) but inflation has eliminated the subdivisions.
Before World War I, the Ottoman lira was used. After the fall of the Ottoman Empire, the currency became the Egyptian pound in 1918. Upon gaining control of Syria and Lebanon, the French replaced the Egyptian pound with a new currency for Syria and Lebanon, the Syrian livre, which was linked to the French franc. In 1937, Lebanon got its own currency, still linked to the French franc and interchangeable with Syrian money. In 1941, following France's defeat by Nazi Germany, the currency was linked instead to the British pound sterling.*
ليرة لبنانية | Lliura libanesa | Libanesisches Pfund | Livre libanaise | Libanonska funta | Lira libanese | Libanoni font | Libanees pond | Libanonski funt
This article is licensed under the GNU Free Documentation License.
It uses material from the
"Lebanese livre".
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