Lira, Currency system in Lebanon and Turkey
The Lebanese pound and Turkish lira function as national currencies, with both experiencing substantial changes in their monetary systems over recent decades.
The Turkish lira underwent a significant change in 2005 when the government replaced old banknotes with new ones at a ratio of 1:1,000,000.
Lebanese banknotes display text in both Arabic and French, reflecting the multilingual heritage of the nation's financial documents.
International travelers need to monitor exchange rates closely as both currencies experience regular fluctuations in response to economic conditions.
The Lebanese banking system created the term 'lollar' for US dollar deposits that can only be withdrawn in pounds at specific rates.
GPS coordinates: 2.23333,32.90000
Latest update: July 25, 2025 09:14
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