Convert Malaysian Ringgit to Lebanese Pound
Please provide values below to convert Malaysian Ringgit [MYR] to Lebanese Pound [LBP], or Convert Lebanese Pound to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Lebanese Pound
1 MYR = 4.72782122905028e-05 LBP
Example: convert 15 MYR to LBP:
15 MYR = 15 × 4.72782122905028e-05 LBP = 0.000709173184357542 LBP
Malaysian Ringgit to Lebanese Pound Conversion Table
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.