Historic Lebanese pound Norwegian krone

Lebanese pound norwegian krone history for January 2024. The highest quote for this month is 0.000704 (18/01/2024) and the lowest 0.000699 (18/01/2024). The difference between high and low is 0.71.

LBP NOK average rate for January 2024 is 0.00069, the change between 01/01/2024 and 31/01/2024 is -2.81 %.

01 January 20241 LBP = 0.0007 NOK
02 January 20241 LBP = 0.0007 NOK
03 January 20241 LBP = 0.0007 NOK
04 January 20241 LBP = 0.0007 NOK
05 January 20241 LBP = 0.0007 NOK
06 January 20241 LBP = 0.0007 NOK
07 January 20241 LBP = 0.0007 NOK
08 January 20241 LBP = 0.0007 NOK
09 January 20241 LBP = 0.0007 NOK
10 January 20241 LBP = 0.0007 NOK
11 January 20241 LBP = 0.0007 NOK
12 January 20241 LBP = 0.0007 NOK
15 January 20241 LBP = 0.0007 NOK
16 January 20241 LBP = 0.0007 NOK
17 January 20241 LBP = 0.0007 NOK
18 January 20241 LBP = 0.0007 NOK
19 January 20241 LBP = 0.0007 NOK
22 January 20241 LBP = 0.0007 NOK
23 January 20241 LBP = 0.0007 NOK
24 January 20241 LBP = 0.0007 NOK
25 January 20241 LBP = 0.0007 NOK
26 January 20241 LBP = 0.0007 NOK
29 January 20241 LBP = 0.0007 NOK
30 January 20241 LBP = 0.0007 NOK
31 January 20241 LBP = 0.0007 NOK

17/10/2019: Protests against economic crisis

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

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

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.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.