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  Lebanese pound - Wikipedia, the free encyclopedia
The Lebanese pound (Arabic lira, French livre, ISO 4217: LBP) is the currency unit of Lebanon.
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.
en.wikipedia.org /wiki/Lebanese_pound   (179 words)

  
 Syrian pound - Wikipedia, the free encyclopedia
A rate of about 50 pounds to one dollar has been usual in the early 2000s, but the exchange rate is subject to fluctuations.
Following the fall of the Ottoman empire and the placing of Syria under a mandate, the Egyptian pound was used in the states under French and British mandates, including Lebanon, Jordan, and Palestine.
The pound (or livre as it was then known) was introduced in 1919 and was initially worth 20 French francs.
en.wikipedia.org /wiki/Syrian_pound   (642 words)

  
 Lebanon’s Agricultural Potential: A Policy Analysis Matrix Approach
Lebanese farmers have shown a great proclivity to use the correct factor proportions and to respond correctly and speedily to changed economic circumstances.
The Lebanese pound depreciated sharply from a level of as low as LL2.2 for $1 in the early 1970s to a low of LL2,200 in the summer of 1992.
Meanwhile, the Lebanese government that had shied away from the economy before the war played a significant balancing role during the war as was discussed earlier.
socserv2.socsci.mcmaster.ca /kubursi/ebooks/policy.htm   (9065 words)

  
 Lebanon Economy - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, ...
Lebanese economists were sometimes able to compile a few indicators, but the numbers were often based on incomplete data.
The pound, however, began depreciating rapidly in the aftermath of further Beirut clashes in early 1984 and the withdrawal of the Multinational Force (MNF) of peacekeeping troops from the capital.
By 1986 the country was on the verge of hyperinflation as the pound lost almost 85 percent of its already shrunken value during the course of the year.
www.photius.com /countries/lebanon/economy/lebanon_economy_economy.html   (1362 words)

  
 An Analysis of Public Sector Deficits and Debt in Lebanon: 1970-2000
The deepening crisis for the Lebanese economy during 1975-90, as evidenced by the marked deceleration in economic growth and private investment activity, increased the budget deficit and the public debt increased rapidly.
Treasury bills have been the main short-term Lebanese pound denominated asset in Lebanese financial markets, and, given the role of commercial banks as the principal intermediaries, are the main determinants of quasi-monetary Lebanese pound liabilities.
Lebanese pound assets, however, have been associated with high nominal and real interest rates as indicated by the substantial interest differential between Lebanese pound and comparable U.S. dollar assets.
meria.idc.ac.il /journal/2005/issue4/jv9no4a7.html   (7818 words)

  
 Lebanese banks double interest on pound - Zawya.com | Middle East Business News   (Site not responding. Last check: 2007-10-20)
BEIRUT: Many Lebanese banks are offering an average 12 percent interest on one month Lebanese pound deposits to absorb U.S. dollars, bankers said on Wednesday.
Some of the banks are even offering 15 percent on one month Lebanese pound deposits but analysts say that rates will return to normal once the political crisis is over.
Interest rates on the Lebanese pound fell by more than 600 basis points after Hariri secured $2.5 billion in soft loans from donor states in November 2002 in an attempt to reduce the country's debt servicing.
www.zawya.com /story.cfm?id=DS20050309223027643   (577 words)

  
 Pound - Wikipedia, the free encyclopedia
Pound (mass), various units of mass or weight
Pound (currency), a unit of currency in various countries
A pound is also a customary greeting in which two individuals touch fists.
en.wikipedia.org /wiki/Pound   (121 words)

  
 History of The Lebanese Pound
Following the downfall of the Ottoman Empire in September 1918, the Turkish Pound was replaced by a Sterling based Egyptian currency as legal tender in the states under the French and British mandate.
The Egyptian Pound was issued by a private British institution, the National Bank of Egypt, and had been previously used by the British, since much of their supplies were from Egypt.
Against these privileges, BSL agreed to pay the Lebanese and Syrian governments, on a yearly basis, part of its profits as a percentage of the quantity of currency in circulation which should not exceed 25,000,000 pounds, and accept local representatives in its board of directors and consultative committee.
www.cedarcoins.theshoppe.com /custom2.html   (947 words)

  
 Banque du Liban: Lebanese Banknotes
Following the downfall of the Ottoman Empire in September 1918, the Turkish pound was replaced by a sterling-based Egyptian currency (issued by a private British institution) as legal tender in the states under the joint French and British mandate.
In 1937, two years before the expiry of the 15-year period, the BSL was extended for another 25 years to issue in Lebanon a Lebanese currency separate from the Syrian currency, both of which could be used interchangeably in either state.
Although the currency was Lebanese in name, it remained a disguised French franc until 1941, when it was linked to the pound sterling after the defeat of France and the invasion of Lebanon by the allied forces.
www.bdl.gov.lb /paysys/lbp/banknote.htm   (397 words)

  
 Bankintroductions.com - LEBANON
During the 1990's, the Lebanese pound was stable as large capital inflows created surpluses in the capital account, foreign exchange reserves jumped to a peak of $7.6 billion USD in 1999 from $1.4 billion USD in 1992.
During this time, the government kept interest rates high to defend the Lebanese pound, central bank insisted it was the only way for Lebanon to finance its spending programs.
Although the Lebanese infrastructure is rebuilt, Lebanon is lacking the entrepreneurs and ideas as the educated young are leaving, those wealth generators to create the future prosperity.
www.bankintroductions.com /lebanon.html   (1073 words)

  
 Back to the Future: Postwar Reconstruction and Stabilization in Lebanon
Under the exchange-rate-based stabilization policy, the Lebanese pound (LL) appreciated from $0.544 per LL 1,000 at the end of 1992 to $0.660 per LL 1,000 at the end of June 1998 (Figure 1.2).
Section IV reviews the evolution of Lebanese pound interest rates, key variables for both monetary policy and public finances, and analyzes their determinants.
The analysis focuses on factors that explain the interest rate differential between comparable assets denominated in Lebanese pounds and in U.S. dollars, which have remained large and positive despite the gradual and steady appreciation of the Lebanese pound against the U.S. currency.
www.imf.org /external/pubs/nft/op/176   (2119 words)

  
 Lebanese pound T-bills replaced with eurobonds - Zawya.com | Middle East Business News   (Site not responding. Last check: 2007-10-20)
BEIRUT: Lebanon replaced a portion of Lebanese pound-denominated Treasury bills held in the Central Bank's portfolio with two new eurobond issues for a total amount of $1 billion, the Central Bank announced Monday.
The Central Bank stressed this operation will not alter the total amount of its foreign currency assets, but it would change their classification as they will be converted from U.S. dollar denominated securities into U.S. dollar cash, thus improving foreign assets in the best interests of monetary stability.
Lebanese commercial banks also deposited $400 million with zero percent interest in the Central Bank to help better manage the Lebanese budget deficit.
www.zawya.com /story.cfm?id=ZAWYA20041221052912   (434 words)

  
 Aljazeera.Net - Lebanese shares plunge, pound stable   (Site not responding. Last check: 2007-10-20)
Lebanese share prices have plunged on the first day of trading after the assassination of former premier Rafiq al-Hariri, while the central bank intervened to keep the Lebanese pound stable.
The Lebanese pound traded "at an average price of 1507.5 to the dollar, which was the same average of the last day of business on Monday," said one bank official.
In a bid to allay fears of uncertainty, the Central Bank pledged on Thursday to maintain the stability of the Lebanese pound and interest rates, as well as to insure liquidity.
english.aljazeera.net /NR/exeres/91FF3A09-C6D2-43D1-BBFD-1108520C5F19.htm   (601 words)

  
 [No title]
According to the Taif agreement, the Syrian and Lebanese Governments were to agree in September 1992 to the redeployment of Syrian troops from greater Beirut.
The mountainous area of Dinnieh northeast of Tripoli suffered a 4-day "war" between Lebanese Army units and a group of 150-200 Sunni fundamentalist militants, in which 11 troops(including one officer), 5 civilians and 27 attackers were killed, and 6 soldiers, 12 civilians and 20 attackers wounded.
The next day after Lebanese troops sent to south Lebanon to hunt Palestinian guerrillas seized a ready-to-fire katyusha rocket and after a fire fight arrested six armed Palestinians who were hiding in a cave at the southern edge of the Bekaa Valley, in the Rashaya area, about 15 kilometers (9 miles) northeast of the border.
www.cedarguards.org /TheLebaneseWar/Part15.htm   (5308 words)

  
 IPR Country Guide: Lebanon Legal Information
Lebanese nationals are allowed to quote prices or to agree to pay in foreign currencies.
In general, there are no foreign exchange restrictions, and Lebanese nationals are free to transfer abroad any amount they want in any currency.
The exchange rate for the Lebanese Pound remains stable and the Lebanese Pound deposits carry high yields.
www.infoprod.co.il /country/leban2c.htm   (297 words)

  
 Lebanon - RECENT ECONOMIC HISTORY
The Lebanese economy was healthy in the years leading up to the Civil War.
The Lebanese pound was strong, credit was easy, and there was a balance of skilled and unskilled labor.
The good reputation once enjoyed by Lebanese clothing manufacturers was undermined by imports of cheaper garments that were relabeled and reexported as "Lebanese." By the end of 1981, Iraq had halted all imports of Lebanese garments, and Egypt had frozen preferential terms for Lebanese industrial exports because of false labeling.
countrystudies.us /lebanon/69.htm   (826 words)

  
 Lebanon's Economy: Historical Overview
Lebanon, torn by its sectarian and political disputes, was further cursed by invasion and a seemingly endless intermingling of internally and externally inspired conflict from 1982 onward.
A calmer security environment in 1986- 87, combined with a sharp depreciation of the Lebanese pound and a decline in labor costs resulting from inflation of 600%, produced a modest economic rebound.
Demand for Lebanese pounds jumped immediately, despite substantial intervention by the central bank to stabilize the exchange market (the pound was valued at the end of May 1993 at 1,740 to a dollar, after an early October 1992 low of 2,400 to a dollar).
www.ghazi.de /econhist.html   (5264 words)

  
 Economy Indicators
This environment allowed Lebanese entrepreneurial and financial skills to evolve to a high degree, and in the 1970s its bankers and traders enjoyed an excellent reputation in the region.
In addition, the confidence in, and credibility of, the Lebanese Pound and economic stability began to erode.
The Lebanese banking sector witnessed unprecedented growth during the period from 1992 to the present.
www.cargo.com.lb /economy.html   (3821 words)

  
 Middle East Online
Lebanese share prices plunged Friday on the first day of trading after the assassination of former premier Rafiq Hariri, while the central bank intervened to keep the pound stable.
In a bid to allay fears of uncertainty, the central bank pledged Thursday to maintain the stability of the Lebanese pound and interest rates, as well as to ensure liquidity.
Hariri was killed along with 14 other people in the massive bomb blast that ripped through his motorcade on Beirut's seafront on Monday, causing the worst carnage seen in the Lebanese capital since the civil war.
www.middle-east-online.com /english?id=12748   (604 words)

  
 *๑۩۞۩๑*Lebanese-Guy*๑۩۞۩๑*: Lebanon 4 Lebanese (Love It Or Leave It)
The Lebanese flag is divided into three wide horizontal stripes with red on top and bottom, and a wider white stripe in the middle.
In the center of this stripe is a green cedar tree, the emblem of the country.
The Lebanese Republic is divided into six regional administrative districts, or Mohafazaat: Beirut, North Lebanon, Mount Lebanon, the Beqaa and Nabatiyeh.
spaces.msn.com /ahmadbitani/Blog/cns!1pfV29xRTUHEr--b_TS82_Kw!162.entry   (388 words)

  
 Khaleej Times Online
While disliked by many Lebanese who accuse him of profiting from the post-war reconstruction drive, Hariri is credited with stabilising the Lebanese pound, which was once in free-fall.
Lebanese banks and the central bank itself have closed for three days of mourning in the aftermath of Hariri’s killing, which bankers said would give the markets time to digest the attack.
Bankers expect the pound to come under heavy pressure in the coming weeks with many investors converting their holdings out of the local currency into dollars and euros or even pulling their capital out of the country.
www.khaleejtimes.com /DisplayArticle.asp?xfile=data/business/2005/February/business_February372.xml§ion=business   (286 words)

  
 Lebanese Travel Agency : Concord Travel & tourizm
After the drastic devaluation of the Lebanese currency in the late eighties, the whole economy is dollarized.
The enduring tradition of the Lebanese Mezze sets the scene for one of the greatest pleasure the country has to offer: a hundred dishes and a hundred flavors all at one setting.
The Lebanese, those clever cooks and traders, have spread their cuisine to all parts of the world.
www.concordtr.com /lenanoninformation.php   (930 words)

  
 The Daily Star - Business Articles - Pressure eases on Lebanese pound
BEIRUT: Pressure on the Lebanese pound eased on Wednesday, a day after the resignation of the government led to heavy Central Bank intervention, but the market remained rattled by political tensions in the country.
One trader said Central Bank intervention to keep the pound at the weakest level of its intervention band of 1,501-1,514 was still high, although down to about a third of Tuesday's level.
Few would discuss the extent of intervention, but another trader said the Central Bank had spent about $200 million on pounds, which would be a third of the highest estimates for Tuesday's intervention which put it at $500 million to 600 million.
www.dailystar.com.lb /article.asp?edition_id=1&categ_id=3&article_id=13104   (582 words)

  
 Lebanon - Wikitravel
The Fare is 1000 LL (Lebanese Lira) which is a little less than 0.70 USD $ for short distances of a couple of Kilometers/miles, and increases depending on both distance to be traveled, traffic on that specific road and of course, like everything in Lebanon, persuasion/negotiation skills.
The Lebanese dialect of Arabic is very different from some other dialects, particularly from Gulf countries; however, all Lebanese will understand most other dialects of Arabic.
Either Lebanese pounds or US dollars are accepted almost everywhere, and it is common to pay in dollars but receive change in pounds (in which case, make sure you don't get short-changed).
wikitravel.org /en/Lebanon   (1788 words)

  
 Convert Lebanese Pounds (LBP) and Philippine Pesos (PHP): Currency Exchange Rate Conversion Calculator
Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
The Lebanese Pound is the currency in Lebanon (LB, LBN).
The symbol for LBP can be written L L. The Lebanese Pound is divided into 100 piastres.
coinmill.com /LBP_PHP.html   (371 words)

  
 MSN Encarta - Search Results - Lebanese Pound   (Site not responding. Last check: 2007-10-20)
MSN Encarta - Search Results - Lebanese Pound
The monetary unit of Lebanon is the Lebanese pound of 100 piastres (1,576 pounds equalled US$1; early 2005).
Cyprus Pound, Egyptian Pound, Lebanese Pound, Pound Sterling, Punt, Syrian Pound
uk.encarta.msn.com /Lebanese_Pound.html   (79 words)

  
 Lebanon Voice Chat gallery lebanon
The monetary unit is the Lebanese pound issued in L.L.50, L.L.100, L.L.250, L.L.500, L.L.1000, L.L.5000,L.L.10000,L.L.20000,L.L.50000 and L.L.100000 notes.
The Lebanese Republic is divided into six regional administrative districts, or Mohafazaat: Beirut, North Lebanon, South Lebanon, The Beqaa and Nabatiyeh.
In addition to his native Arabic language, the average Lebanese is often fluent in English or French.
www.lebanonvoice.com /gallery/lebanon.phtml   (1412 words)

  
 Lebanese Pound - LBP real-time currency
The official currency of Lebanon (Lebanese Pound) is pegged to the US dollar at approximately 1520 LBP to the dollar.
The French created the Lebanese-Syria Pound (XLSP) equal to 20 French Francs, which were used in a common currency area for both Lebanon and Syria.
Banknotes were issued by the Banque de Syrie et du Grand-Liban from 1925 until 1939, and by the Banque de Syrie et du Liban from 1939 until 1964.
www.ameinfo.com /financial_markets/Lebanon/Currency   (333 words)

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