Convert Lebanese Pound to Mongolian Tugrik
Please provide values below to convert Lebanese Pound [LBP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Lebanese Pound.
How to Convert Lebanese Pound to Mongolian Tugrik
1 LBP = 25.2131937515903 MNT
Example: convert 15 LBP to MNT:
15 LBP = 15 × 25.2131937515903 MNT = 378.197906273854 MNT
Lebanese Pound to Mongolian Tugrik Conversion Table
| Lebanese Pound | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.