Convert Nigerian Naira to Lebanese Pound
Please provide values below to convert Nigerian Naira [NGN] to Lebanese Pound [LBP], or Convert Lebanese Pound to Nigerian Naira.
How to Convert Nigerian Naira to Lebanese Pound
1 NGN = 0.017102825698324 LBP
Example: convert 15 NGN to LBP:
15 NGN = 15 × 0.017102825698324 LBP = 0.25654238547486 LBP
Nigerian Naira to Lebanese Pound Conversion Table
| Nigerian Naira | Lebanese Pound |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.