Convert Guatemalan Quetzal to Lebanese Pound
Please provide values below to convert Guatemalan Quetzal [GTQ] to Lebanese Pound [LBP], or Convert Lebanese Pound to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Lebanese Pound
1 GTQ = 8.57508379888268e-05 LBP
Example: convert 15 GTQ to LBP:
15 GTQ = 15 × 8.57508379888268e-05 LBP = 0.0012862625698324 LBP
Guatemalan Quetzal to Lebanese Pound Conversion Table
| Guatemalan Quetzal | Lebanese Pound |
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
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.