Convert Peruvian Nuevo Sol to Lebanese Pound
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Lebanese Pound [LBP], or Convert Lebanese Pound to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Lebanese Pound
1 PEN = 3.97508379888268e-05 LBP
Example: convert 15 PEN to LBP:
15 PEN = 15 × 3.97508379888268e-05 LBP = 0.000596262569832402 LBP
Peruvian Nuevo Sol to Lebanese Pound Conversion Table
| Peruvian Nuevo Sol | Lebanese Pound |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary 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.