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LEBANON

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 Transportation | Currency | Credit Cards | Economy | Communication

Customs:

All ordinary personal effects are exempt from customs duty.
Tourists are allowed two bottles of alcoholic beverage for personal use and 500 grams of tobacco (400 cigarettes or 20 cigars).

Transportation:

Automobile rental companies provide self-driven cars or cars with a chauffeur. Lebanese taxis are comfortable and reasonably priced.
Even cheaper is the “service-taxi” which allows one to share the cost of a trip with other passengers. Bus service is also available to certain destinations.

Lebanese Currency and Banking:

Movement of currency into and out of the country and all exchange transactions are completely free of any kind of control.
Foreign currency can be exchanged at any bank or at money exchangers found in main business areas.
The monetary unit is the Lebanese pound and currency is issued in LL250, LL500, LL1.000, LL5.000, LL10.000, LL20.000, LL50.000 and LL100.000 notes. Banking is a major industry in Lebanon with strict banking secrecy one of its important features. Currently 81 banks operate in the country and transactions are performed efficiently and at low cost.

Credit Cards:

Visitor will find many credit cards are readily accepted in larger establishments. Master Card, American Express, Diner’s Club International and Visa International are among those in common use.
In addition, local credit cards such as Investment Credit Card, Cashless Card and Link Card are accepted.

Economy:

Lacking natural resources, Lebanon capitalizes on the initiative of its people and its geographical location. Its trading facilities, banking and financial services as well as its free economy made Lebanon the region’s commercial center before the war. With peace established and reconstruction, underway Lebanon is again assuming its former position as a business center.
To help strengthen the economy, authorities have initiated a new low income tax schedule to provide investment incentive, increase disposable income and expand the tax base.

Communication:

International calls can be made from domestic telephones visa Lebanon’s own earth satellite station. Private international lines and cellular phone services are also used. There are more than 20.000 subscribers to telex lines and FAX service is widely available.

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