Cryptocurrency Q&A
Is LBP pegged to USD?
Is LBP pegged to USD?
CryptoLord
Thu Nov 14 2024
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6 answers
1519
I'm wondering if the Lebanese Pound (LBP) is pegged to the US Dollar (USD). I want to know if there's a fixed exchange rate between these two currencies.
6 answers
HanRiverWave
Sat Nov 16 2024
The Lebanese pound maintains a fixed exchange rate with the USD.
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CryptoAlchemy
Fri Nov 15 2024
If the EUR/LBP rate stands at 1,659, this signifies the cost of acquiring one euro.
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Bianca
Fri Nov 15 2024
This peg does not extend to other currencies.
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ZenBalanced
Fri Nov 15 2024
Specifically, one needs to exchange 1,659 Lebanese pounds to purchase a single euro.
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Elena
Fri Nov 15 2024
Consequently, the Lebanese pound experiences more significant fluctuations against other currencies.
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