Convert Israeli New Sheqel to Lebanese Pound
Please provide values below to convert Israeli New Sheqel [ILS] to Lebanese Pound [LBP], or Convert Lebanese Pound to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Lebanese Pound
1 ILS = 3.73743016759777e-05 LBP
Example: convert 15 ILS to LBP:
15 ILS = 15 × 3.73743016759777e-05 LBP = 0.000560614525139665 LBP
Israeli New Sheqel to Lebanese Pound Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.