 LL 1,000 note, using Arabic on the obverse and French on the reverse | |
| ISO 4217 | |
| Code | LBP (numeric: 422) |
| Subunit | 0.01 |
| Symbol | None official. The abbreviation LL or ل.ل. is used |
| Denominations | |
| Subunit | |
| 1⁄100 | piastre |
| Banknotes | LL 1,000, LL 5,000, LL 10,000, LL 20,000, LL 50,000, LL 100,000 |
| Coins | LL 250, LL 500 |
| Demographics | |
| User(s) |  Lebanon |
| Issuance | |
| Central bank | Banque du Liban |
| Website | www |
| Valuation | |
| Inflation | 177.25% |
| Source | https://economics.creditlibanais.com/Article/212047#en |
| Pegged with | U.S. dollar[1] note |
note Dual exchange rate system (Sayrafa) in effect as of June 2021 | |
The lira or pound[a] is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
The plural of lira is either lirat (ليرات līrāt) or invariant, whilst there are four forms for qirsh: the dual qirshān (قرشان) used with number 2, the plural qurush (قروش) used with numbers 3–10, the accusative singular qirshan (قرشًا) used with 11–99, and the genitive singular qirsh (قرش) used with multiples of 100. The number determines which plural form is used. All of Lebanon's coins and banknotes are bilingual in Arabic and French.
From December 1997 through January 2023, the exchange rate was fixed at LL 1,507.50 per US dollar.[4] However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates.[5] On 1 February 2023, the Central Bank reset the currency peg at LL 15,000 per US dollar.[6] By mid-March 2023, the "parallel market" rate had fallen to LL 100,000 per dollar.[7]
- ^ "About Banque du Liban | History of Banque du Liban". www.bdl.gov.lb. Retrieved 13 June 2016.
- ^ "World Bank Editorial Style Guide 2020 - page 136" (PDF). openknowledge.worldbank.org. Retrieved 2022-08-01.
- ^ "Lebanon". CIA World Factbook 1990 - page 178. 1 April 1990. Retrieved 2022-06-21.
- ^ Cite error: The named reference
bankkofleb2was invoked but never defined (see the help page). - ^ "Lebanese banks raise USD withdrawal rate to 3,850 pounds/dollar". Reuters. 29 June 2020. Retrieved 1 July 2020.
- ^ "Lebanon devalues official exchange rate by 90%". Reuters. February 1, 2023. Retrieved February 3, 2023.
- ^ "Lebanon's currency value plunges to 100,000 against US dollar". Al Jazeera. 14 March 2023. Retrieved 21 March 2023.
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