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    Currency in Lebanon LBP - Things to know

    Foreign exchange guide to Lebanon and the Lebanese pound

    Lebanon

    What currency is used in Lebanon?

    The official currency of Lebanon (country code: LB) is the Lebanese pound, with symbol £ and currency code LBP.

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    Things to know about the Lebanese pound

    The Lebanese Pound (LBP) is the official currency of Lebanon, a country located in the Middle East. It is abbreviated as LBP and is made up of 100 piastres. The Central Bank of Lebanon is responsible for issuing the currency and managing the country's monetary policy.

    An example Lebanese pound banknote

     

    Travel money for Lebanon

    Save money and time by Ordering your Lebanese pound online from Travelex, you get better rates and can pick up the LBP cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Lebanese pound otherwise you may get much worst exchange rates.

     
     

    Travel Ideas and Money Tips for Lebanon

    This diminutive Mediterranean nation is a fascinating nexus point of the Middle East and the West; of Christianity and Islam; of tradition and modernity. It’s a place where culture, family and religion are all-important, but where sectarian violence can too often erupt – claiming lives and scarring both the landscape and the national psyche.

    Qadisha Valley.

    What currency to use in Lebanon?

    ATMs are readily available in the large cities, but tend to become scarce in the less touristy regions.

    There are many money exchange kiosks in every city in Lebanon, especially in Beirut, however it does depend on where you are going to stay to determine if it is easy to reach one of them. Good advice is to have dollars (USD) with you when you arrive in Lebanon because it is used pretty much everywhere in Lebanon, and you can pay by using US Dollars. It will be very easy to end up with Lebanese pounds once you have spent some USD and recieved some change. You can get Lebanese Pounds from everywhere (shop, hotel, supermarket...) by asking to do an exchange. All credits cards are widely accepted.

    Travel tips for Lebanon.

    The official language in Lebanon is Standard Arabic, but the most common tongue heard is Lebanese Arabic. Many locals also speak English and some French. This is especially true of people who work in the tourism and business sectors. Travelers should expect English to become less common when travelling outside of the cities and in the more remote areas. Some more travel tips are:

    1. Lebanon is a relatively small country, so getting around is relatively easy. The best way to get around is by car.

    2. The best time to visit Lebanon is during the spring and autumn months. The weather is mild and the days are long.

    3. Lebanon is home to some of the best food in the world. Be sure to try the Beiruti cuisine while you're in town.

    4. When travelling to Lebanon, be sure to dress conservatively. The country is relatively religious and modesty is important.

    5. Lebanon is home to some of the most beautiful scenery in the world. Be sure to take some time to explore the countryside.

     
       

    USD/LBP Market Data

    The below interactive chart displays the USD/LBP change and UP📈 DOWN📉 trends over the past 1 Year.

     
    1 USD =
    89502.7We compare provider deals to this wholesale mid-market rate. Read more
    LBP
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    Frequently Asked Questions

    What currency should I use in Lebanon?

    The domestic currency in Lebanon is the Lebanese pound.

    What is the Lebanese pound currency code and symbol?

    The three letter currency code for the Lebanese pound is LBP — symbol is £.

    Which countries use the Lebanese pound?

    It is the domestic currency in    Lebanon.

    Is the Lebanese pound a closed currency?

    No, the Lebanese pound is freely available and convertible. See guide: What is a closed currency?

    What are equivalent amounts of USD and LBP?

    USD LBP
    $ 1 £ 89,503
    $ 5 £ 447,514
    $ 10 £ 895,027
    $ 20 £ 1,790,054
    $ 50 £ 4,475,135
    $ 100 £ 8,950,270
    $ 250 £ 22,375,675
    $ 500 £ 44,751,350
    $ 1,000 £ 89,502,700
    $ 2,000 £ 179,005,400
    $ 5,000 £ 447,513,500
    $ 10,000 £ 895,027,000
    $ 20,000 £ 1,790,054,000
    $ 50,000 £ 4,475,135,000
    $ 100,000 £ 8,950,270,000
    USD LBP
    $ 0.0000 £ 1
    $ 0.0001 £ 5
    $ 0.0001 £ 10
    $ 0.0002 £ 20
    $ 0.0006 £ 50
    $ 0.0011 £ 100
    $ 0.0028 £ 250
    $ 0.0055 £ 500
    $ 0.0110 £ 1,000
    $ 0.0220 £ 2,000
    $ 0.0550 £ 5,000
    $ 0.1100 £ 10,000
    $ 0.2200 £ 20,000
    $ 0.5500 £ 50,000
    $ 1.1000 £ 100,000

    More amounts

    Converted at USD/LBP interbank rate, compare Send Money and Currency Exchange exchange rates.

    Send Money to Lebanon - Best Rates

    To get a good (and fair) exchange rate when sending money to Lebanon you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Lebanon

    When sending money to Lebanon it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Lebanese pound amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted LBP amount will be transfered to the recipient account you specify in Lebanon.

    Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Lebanese pound deposited into the recipient bank account and less margins and fees kept by the banks!

     

    Expat Money & Business Guide to Lebanon

    Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.

    By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Lebanon.

    How is the cost of living in Lebanon?

    The cost of living in Lebanon is reasonable. Prices for basic necessities such as food and shelter are relatively affordable when compared to other countries in the region. However, the cost of living can vary greatly depending on the city or region you are living in. For example, Beirut is generally more expensive than smaller cities.

    How is the expat life in Lebanon?

    The expat life in Lebanon is generally pretty good. There is a strong expat community, and many opportunities to meet people from all over the world. The cost of living is relatively high, but there are many ways to save money. Overall, Lebanon is a great place to live and work.

    Any laws in Lebanon that foreigners should be aware of?

    There are no laws in Lebanon that foreigners should be aware of.

    What is doing business like in Lebanon?

    Doing business in Lebanon is generally positive. The country has a highly developed economy and infrastructure, and a stable political system. However, there are some challenges, such as high levels of corruption, limited competition, and weak enforcement of contracts.

    How is the economy in Lebanon?

    The economy in Lebanon is struggling. The country has a high unemployment rate and a large public debt. The Lebanese pound has also lost a lot of value against other currencies.

    Managing your finances in Lebanon

    Here we list some key points for expats and businesses to consider when managing financial dealings in Lebanon:

    1. Understand Lebanese pound currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the LBP exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

    2. Use a local Lebanese pound bank account: A local LBP bank account can make it easier for you to manage your finances and pay bills while you are in Lebanon. It may also be more convenient to use a local LBP bank account to make purchases and withdraw cash.

    3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Lebanon. This can help you avoid legal issues and ensure that you are complying with local requirements.

    4. Consider the tax implications: It is important to understand the tax implications of living or doing business in Lebanon. This can help you plan your finances and ensure that you are paying the correct amount of tax.

    5. Seek financial advice: If you are unsure of how to manage your finances in Lebanon, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.

     

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