The Lebanese Pound, symbolized as LBP, has a rich history tied to Lebanon’s diverse cultural tapestry. Introduced in the early 20th century, the LBP was once pegged to the French franc due to Lebanon’s close ties with France. Before the Lebanese Civil War in 1975, the LBP was considered one of the most stable and valuable currencies in the Middle East, reflecting Lebanon’s prosperous banking sector and robust economy.

However, political instability and economic challenges have since led to significant fluctuations in its value. Interestingly, Lebanon is a heavily dollarized economy, and it’s not uncommon for transactions to be conducted in both LBP and USD. Despite challenges, the LBP remains a symbol of national identity, and its banknotes feature iconic Lebanese landmarks and historic figures, further embedding its importance in everyday Lebanese life.