1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 238.6873 LBP (Lebanese Pound). It is the official currency of Lebanon. The LBP (Lebanese Pound) is also known as the Lira in Arabic and the Livre in French. All notes and coins of the currency are written and referred to in both languages. The Lebanese Pound is denoted by the £ symbold or as L£. 1 L£ is sub-divided into 100 Piastres. The LBP (Lebanese Pound) is pegged to the US Dollar at 1 USD = 1,507.5 LBP. The issue and control of the currency is taken care by Banque du Liban.