Convert Bermudan Dollar to Lebanese Pound
Please provide values below to convert Bermudan Dollar [BMD] to Lebanese Pound [LBP], or Convert Lebanese Pound to Bermudan Dollar.
How to Convert Bermudan Dollar to Lebanese Pound
1 BMD = 1.11731843575419e-05 LBP
Example: convert 15 BMD to LBP:
15 BMD = 15 × 1.11731843575419e-05 LBP = 0.000167597765363128 LBP
Bermudan Dollar to Lebanese Pound Conversion Table
| Bermudan Dollar | Lebanese Pound |
|---|
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
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.