The unit of currency in Lebanon
is the Lebanese pound (LL), known locally as the lira. There are
only notes
(LL50 - 100 - 250 - 500 - 1000 - 5000- 10,000 - 20,000 - 50,000
-100,000 - 250,000) in circulation as the currency lost much of
its value during the war. Most shops, restaurants and hotels will
accept US dollars.
The currency fluctuates according to the
international market and to political developments in Lebanon,
the Middle East and the world. Most banks will only change US
dollars and UK pounds in cash and travelers cheques, but moneychangers
will buy and sell almost any currency.
Rates of currency exchange are quoted in
daily newspapers . Tourists are allowed to bring in and take out
unlimited amounts of foreign exchange , traveler cheques , personal
cheques as well as letters of credit.
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