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The lira or pound [a] is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Lebanon's national currency, the Lebanese pound is pegged to the US dollar at £L15,000 to US$1. This fixed rate has been unstable due to the depreciating value of the pound in the black market. According to reports, the pound was trading at £L8,100 to US$1 in 2019 on the black market.
Countries where a unit of the national currency is "pound" (dark blue) or "lira" (light blue). Pound is a name of various units of currency. It is used in some countries today and previously was used in many others. The English word "pound" derives from the Latin expression lībra pondō, in which lībra is a noun meaning 'pound' and pondō is ...
(Bloomberg) -- Lebanon’s plan to steer through its debt crisis by getting local investors to swap into longer-dated Eurobonds has come unstuck after rating companies warned they would consider ...
It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. ... Cypriot lira/pound 1879–2007; merged into the euro, 2008;
see also: Livre and pound (below) Lira. Israeli lira (לירה, pound) – Israel; Italian lira – Italy; Italian East African lira – Italian East Africa; Italian Somaliland lira – Italian Somaliland; Lebanese lira (ليرة) – Lebanon; Luccan lira – Lucca; Maltese lira – Malta; Neapolitan lira – Naples (Kingdom of Joachim Murat)