Lebanon uses a cash-based economy, but electronic payments are increasingly available in urban areas. Currency exchange and payment options vary by location and establishment.
- Official currency: Lebanese Pound (LBP), also known as Lebanese Lira. US Dollars (USD) are widely accepted in many businesses.
- Payment methods: Cash is predominant. Credit and debit cards (Visa, Mastercard) are accepted in major hotels, restaurants, and shops, but less so in smaller businesses.
- Contactless/mobile payments: Limited acceptance of Apple Pay and Google Pay, mainly in international chains and some urban retailers.
- ATMs: Widely available in cities. Many ATMs dispense both LBP and USD. International cards are accepted, but withdrawal limits and fees may apply.
- Currency exchange: Services available at banks, licensed exchange offices, and airports. Exchange rates may vary significantly; compare rates before exchanging.
- Foreign currency restrictions: No official restrictions on bringing in foreign currency. Large cash transactions may be subject to scrutiny due to anti-money laundering regulations.
- Cash import/export limits: Amounts exceeding USD 15,000 (or equivalent in LBP/other currencies) must be declared to Lebanese Customs upon entry or exit.
- Transaction fees: Foreign card transactions may incur fees (typically 2–4%) and unfavorable exchange rates.
- Common issues: Power outages may affect card terminals. Carry sufficient cash, especially outside major cities.
- Major banks: Bank Audi, BLOM Bank, Byblos Bank.
- Regulations: Refer to Banque du Liban and Lebanese Customs for up-to-date advisories.
