Convert Lebanese Pound to Philippine Peso
Please provide values below to convert Lebanese Pound [LBP] to Philippine Peso [PHP], or Convert Philippine Peso to Lebanese Pound.
How to Convert Lebanese Pound to Philippine Peso
1 LBP = 1571.7665074997 PHP
Example: convert 15 LBP to PHP:
15 LBP = 15 × 1571.7665074997 PHP = 23576.4976124955 PHP
Lebanese Pound to Philippine Peso Conversion Table
| Lebanese Pound | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.