Pound sterling lebanese pound exchange rate history (GBP LBP) August 2023

Pound sterling lebanese pound history for August 2023. The highest quote for this month is 19162 (01/08/2023) and the lowest 19231.7 (01/08/2023). The difference between high and low is -0.36.

GBP LBP average rate for August 2023 is 19050.65217, the change between 01/08/2023 and 31/08/2023 is +1.03 %.

01 August 2023	1 GBP = 19270.30 LBP
02 August 2023	1 GBP = 19193.60 LBP
03 August 2023	1 GBP = 19075.80 LBP
04 August 2023	1 GBP = 19074.50 LBP
07 August 2023	1 GBP = 18965.90 LBP
08 August 2023	1 GBP = 19128.20 LBP
09 August 2023	1 GBP = 19073.30 LBP
10 August 2023	1 GBP = 19048.90 LBP
11 August 2023	1 GBP = 18972.00 LBP
14 August 2023	1 GBP = 19081.60 LBP
15 August 2023	1 GBP = 19024.10 LBP
16 August 2023	1 GBP = 19058.30 LBP
17 August 2023	1 GBP = 19094.10 LBP
18 August 2023	1 GBP = 19113.10 LBP
21 August 2023	1 GBP = 19028.80 LBP
22 August 2023	1 GBP = 19160.30 LBP
23 August 2023	1 GBP = 19097.30 LBP
24 August 2023	1 GBP = 19080.80 LBP
25 August 2023	1 GBP = 18889.30 LBP
28 August 2023	1 GBP = 18861.40 LBP
29 August 2023	1 GBP = 18884.90 LBP
30 August 2023	1 GBP = 18917.00 LBP
31 August 2023	1 GBP = 19071.50 LBP

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Pound sterling Lebanese pound