LBP (Lebanese Pound)

Definition of 'LBP (Lebanese Pound)'


The currency abbreviation or currency symbol for the Lebanese pound (LBP), the currency for Lebanon. The LBP is made up of 100 qirsh or piastres. This currency is also called lira in Arabic or livre in French, and all notes and coins are printed and stamped in both Arabic and French.

Investopedia explains 'LBP (Lebanese Pound)'


The Lebanese pound was first seen in coin form in 1924 with paper currency following a year later. The LBP officially separated from Syrian currency in 1939 and became linked with the British pound after France was conquered by Germany in 1941. The Lebanese pound was re-linked with the franc after the war, but separated again in 1949.


Filed Under: ,

comments powered by Disqus
Hot Definitions
  1. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  2. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  3. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  4. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  5. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  6. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
Trading Center