This is a foreign exchange guide to Lebanon, Lebanese pound currency news plus LBP transfers and travel tips.
In this guide we review :
- Lebanese pound info - general info about the Lebanese pound
- Lebanese pound in the markets - recent LBP moves and predictions from the FX markets
- Travelling in Lebanon - currency & money saving tips
- Buying Lebanese pound cash online - travel money for Lebanon
- Sending money to Lebanon - save on Lebanese pound bank transfers to Lebanon
- Lebanese pound exchange rates - latest & historic exchange rates.
Lebanese pound (LBP) general currency information
What is the Lebanese pound currency code and symbol?
The three letter currency code for the Lebanese pound is LBP and the symbol is £.
Which countries use the Lebanese pound?
It is the domestic currency in Lebanon.
Lebanese pound (LBP) in the markets
The interactive chart below shows the LBP to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving 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. 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.
Accommodation in Lebanon is expensive. Nevertheless, since it is a small country, you can find a budget hotel in Beirut and use it as a base to explore the rest of the country, for practically your whole stay. In many towns and villages, there’s no budget accommodation. The main modes of transport are service taxis, bus and car. There are no railway systems in Lebanon. All types of public transportation vehicles (taxis, buses, minivans and even trucks) can be identified by their red-colored license plate.
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.
Lebanon Trip Checklist
Sending money to Lebanon
When searching around for information on how to get a good exchange rate when sending money to Lebanon you need to start with finding out the latest Lebanese pound foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Lebanese pound amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted LBP amount will be transfered to the recipient account you specify in Lebanon.
Use our Send to LBP 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!