NGN to LBP - Naira USD

Convert your NGN to LBP

NGN to LBP Comparison Table

Feature	NGN (Nigerian Naira)	LBP (Lebanese Pound)
Currency Code	NGN	LBP
Symbol	₦	LL
Issuing Authority	Central Bank of Nigeria	Banque du Liban
Economic Strength	Developing, resource-based economy	Developing, service-based economy
Exchange Rate Volatility	High	Extremely volatile
Popular Use Cases	Domestic transactions, remittances	Domestic transactions
Digital Payment Adoption	Growing adoption, mobile money prominent	Limited digital payment infrastructure
Inflation Rate	Historically high	High inflation
Interest Rates	High	High
Foreign Exchange Reserves	Moderate	Low
Foreign Direct Investment (FDI)	Increasing, resource-focused	Limited

Both NGN and LBP are currencies of developing economies facing significant economic challenges.
High inflation rates are a common issue for both countries.
The Lebanese Pound has experienced extreme volatility due to the country’s economic crisis.
Both countries have limited digital payment infrastructure.

African Currencies	Asian Currencies
NGN to DZD NGN to BIF NGN to CDF NGN to GNF	NGN to AZN NGN to BHD NGN to BND NGN to BTN

European Currencies	South America Currencies
NGN to BAM NGN to BGN NGN to BYN NGN to CAD	NGN to COP NGN to CRC NGN to PEN NGN to PYG

The Lebanese Pound has faced significant challenges in recent years, reflecting the economic turmoil in the country. Here are seven key facts:

Pegged Currency: For many years, the Lebanese Pound was pegged to the US Dollar at a fixed exchange rate. However, this peg has collapsed amid the country’s economic crisis.
Hyperinflation: Lebanon has experienced hyperinflation, causing the Lebanese Pound to lose a significant portion of its value. This has led to a sharp decline in purchasing power for citizens.
Multiple Exchange Rates: Due to the economic crisis, multiple exchange rates have emerged in Lebanon. This has created complexities for businesses and individuals.
Capital Controls: To mitigate the outflow of capital, the Lebanese government has imposed strict capital controls, limiting the ability of residents to access their foreign currency deposits.
Dollarization: As trust in the Lebanese Pound eroded, many Lebanese turned to the US Dollar as a store of value, leading to dollarization of the economy.
Economic Crisis: The Lebanese Pound’s decline is closely linked to the country’s severe economic crisis, characterized by banking sector instability, high unemployment, and a shortage of essential goods.
Resilience: Despite the challenges, the Lebanese people have demonstrated resilience in the face of economic hardship. The country’s rich history and cultural heritage continue to be a source of strength.