Lebanese pound kazakhstani tenge exchange rate history (LBP KZT) December 2023

Lebanese pound kazakhstani tenge history for December 2023. The highest quote for this month is 0.030762 (23/12/2023) and the lowest 0.030738 (02/12/2023). The difference between high and low is 0.08.

LBP KZT average rate for December 2023 is 0.03045, the change between 01/12/2023 and 31/12/2023 is +1.2 %.

01 December 2023	1 LBP = 0.0305 KZT
02 December 2023	1 LBP = 0.0307 KZT
03 December 2023	1 LBP = 0.0307 KZT
04 December 2023	1 LBP = 0.0306 KZT
05 December 2023	1 LBP = 0.0305 KZT
06 December 2023	1 LBP = 0.0306 KZT
07 December 2023	1 LBP = 0.0306 KZT
08 December 2023	1 LBP = 0.0305 KZT
10 December 2023	1 LBP = 0.0305 KZT
11 December 2023	1 LBP = 0.0304 KZT
12 December 2023	1 LBP = 0.0304 KZT
13 December 2023	1 LBP = 0.0303 KZT
14 December 2023	1 LBP = 0.0304 KZT
15 December 2023	1 LBP = 0.0303 KZT
16 December 2023	1 LBP = 0.0306 KZT
17 December 2023	1 LBP = 0.0306 KZT
18 December 2023	1 LBP = 0.0304 KZT
19 December 2023	1 LBP = 0.0304 KZT
20 December 2023	1 LBP = 0.0303 KZT
21 December 2023	1 LBP = 0.0302 KZT
22 December 2023	1 LBP = 0.0305 KZT
23 December 2023	1 LBP = 0.0305 KZT
24 December 2023	1 LBP = 0.0305 KZT
25 December 2023	1 LBP = 0.0304 KZT
26 December 2023	1 LBP = 0.0304 KZT
27 December 2023	1 LBP = 0.0304 KZT
28 December 2023	1 LBP = 0.0302 KZT
29 December 2023	1 LBP = 0.0301 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

17/10/2019: Protests against economic crisis

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

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

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.

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.

Historic Lebanese pound Kazakhstani tenge