Cryptocurrency Q&A
What does LBP stand for in money?
What does LBP stand for in money?
BlockchainLegendary
Mon Nov 04 2024
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7 answers
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I came across the term LBP in a financial context and I'm not sure what it stands for. Could it be related to some specific financial instrument or concept? I'd like to know the meaning of LBP in the realm of money.
7 answers
Valentino
Wed Nov 06 2024
The Lebanese Pound, or LBP, was traditionally divided into smaller units.
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CryptoWizard
Wed Nov 06 2024
Specifically, it was subdivided into 100 qirsh, also known as piastres.
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DaeguDivaDance
Tue Nov 05 2024
Historically, these smaller denominations were used in daily transactions.
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GwanghwamunGuardianAngelWingsBlessing
Tue Nov 05 2024
This peg is set at 1507.5 pounds per U.S. dollar, although this rate may vary.
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SeoulSerenitySeeker
Tue Nov 05 2024
However, due to inflation over time, these units have become obsolete.
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