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| Lebanon
Currency |
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The Lebanese
Pound is the official currency in Lebanon.
1 Lebanese Pound (LBP) = 100 piastres.
Notes
are in denominations of LBP 100,000, 50,000, 20,000, 10,000, 5000,
1000, 500, 250 and 100.
Coins are in denominations
of LBP 500, 250, 100 and 50.
Credit
& debit cards
All major credit cards are widely accepted. It
is advised to check with your credit or debit card company for details
of merchant acceptability and other services which may be available.
Travellers cheques
There is a limited acceptance with travellers cheques as major banks
only accept certain types of travellers cheques. Travellers cheques
also require up to 2 weeks to clear and are therefore generally
not recommended.
Currency Exchange
There are a large number of banks in Beirut where
international currencies can be converted. Several licensed exchange
shops also operate and some hotels offer exchange services. United
States Dollars are easiest and do not need to be
exchanged as they are accepted even in small shops.
Exchange
rate indicators
The following figures should be perceived as a guide to the movements
of the Lebanese Pound against the US Dollar and
UK Pounds Sterling: |
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| Date |
Nov’07 |
| UK
£1.00= |
3,185.81
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| US
$1.00= |
1,528.33
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Currency restrictions
There are no restrictions on the
export or import of local or foreign currency.
Banking
hours
Banks are generally open Monday to Friday 8.00 am to 2.00 pm, Saturday
8.00 am to 12.30 pm. Some banks stay open until 5.00 pm. |
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