Convert Guernsey Pound to Lebanese Pound
Please provide values below to convert Guernsey Pound [GGP] to Lebanese Pound [LBP], or Convert Lebanese Pound to Guernsey Pound.
How to Convert Guernsey Pound to Lebanese Pound
1 GGP = 8.27150837988827e-06 LBP
Example: convert 15 GGP to LBP:
15 GGP = 15 × 8.27150837988827e-06 LBP = 0.000124072625698324 LBP
Guernsey Pound to Lebanese Pound Conversion Table
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Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.