lebanese pound

Thân thiện

A shopkeeper counts a stack of Lebanese pound notes at the market.

Definition

1. Noun:
   • The basic unit of money in Lebanon: The "Lebanese pound" is the official national currency of Lebanon. It is subdivided into 100 piasters, though due to significant inflation, piasters are rarely used in practice.

Usage

• The "Lebanese pound" is used to denote monetary value, prices, and financial transactions within Lebanon.
• Its symbol is "ل.ل." in Arabic, and the ISO currency code is "LBP".
• Due to a severe economic crisis, its value on the unofficial market can differ vastly from the official exchange rate.

Examples

• Noun:
  • The price of bread is 50,000 Lebanese pounds.
  • He exchanged his dollars for Lebanese pounds at the airport.
  • The old building was sold for millions of Lebanese pounds.

Advanced Usage

• "Lira": Informally, the Lebanese pound is often called the "lira" (from the historical Ottoman lira), especially in spoken Lebanese Arabic.
  • This costs twenty thousand lira. (Meaning twenty thousand Lebanese pounds).

Variants and Related Words

• LBP: The three-letter ISO 4217 code for the Lebanese pound, used in banking and international finance.
• Piaster (noun): A subunit of the Lebanese pound, equal to 1/100 of a pound. It is now largely obsolete due to hyperinflation.

Synonyms

• Lebanese lira: A common synonym used in everyday conversation in Lebanon.

Related Phrases

• Exchange rate of the pound: Refers to the value of the Lebanese pound against foreign currencies.
  • The exchange rate of the pound fluctuates daily on the black market.
• Pound crisis: A term referring to the severe devaluation and economic instability associated with the currency.
  • Many people lost their life savings during the pound crisis.

Học thuật

Noun

1. the basic unit of money in Lebanon; equal to 100 piasters

Từ đồng nghĩa

• Lebanese pound
• pound