Convert Lebanese Pound to Malaysian Ringgit
Please provide values below to convert Lebanese Pound [LBP] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Lebanese Pound.
How to Convert Lebanese Pound to Malaysian Ringgit
1 LBP = 21151.3919742875 MYR
Example: convert 15 LBP to MYR:
15 LBP = 15 × 21151.3919742875 MYR = 317270.879614312 MYR
Lebanese Pound to Malaysian Ringgit Conversion Table
| Lebanese Pound | Malaysian Ringgit |
|---|
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.
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.