Convert Lebanese Pound to Saudi Riyal
Please provide values below to convert Lebanese Pound [LBP] to Saudi Riyal [SAR], or Convert Saudi Riyal to Lebanese Pound.
How to Convert Lebanese Pound to Saudi Riyal
1 LBP = 23866.6666666667 SAR
Example: convert 15 LBP to SAR:
15 LBP = 15 × 23866.6666666667 SAR = 358000 SAR
Lebanese Pound to Saudi Riyal Conversion Table
| Lebanese Pound | Saudi Riyal |
|---|
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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.