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Currency & Costs
The
currency in Lebanon is the Lebanese lira (LL), also known locally
as the pound. Only notes are in circulation as the coins became
obsolete during the war. There are notes of LL 50, 100, 250, 500,
1000, 10,000 and 50,000. As the lira has devalued, most shops,
restaurants and hotels accept payment in US dollars.
Lebanon
is quite expensive and accommodation is going to be the most
expensive part of your trip. Living comfortably would mean
spending US$ 80-100 a day. Hotels outside Beirut are a little
cheaper. Public transport is inexpensive. The cheapest budget
would be about US$ 30 per day if you choose a modest hotel and eat
food from street stalls. But if you stay outside Beirut, you can
live on US$ 10 a night in a modest hotel.
Banks & Money Changers
Most banks will change US
dollars and UK pounds and travellers’ cheques. Moneychangers, who
are everywhere, deal with any convertible currency and offer better
rates than the banks. For travellers’ cheques, a commission is
charged; so do look around for a better deal. Travellers’ cheques
and most international credit cards are accepted in the larger
establishments and also in several restaurants and shops in Beirut.
Business Guide
Dress formally for meetings and social occasions. Women will
find trouser suits more comfortable than skirts. Make appointments
for meetings and check to see if they are on schedule. Patience
and persistence are two essentials to getting your work done. It
is better to avoid referring to the political condition of the
country even in passing – the Lebanese are very sensitive on
this issue.
Sunday is the end of the week in Lebanon. Government offices
including post offices are open Monday to Saturday from 8 am to 2
pm, and on Friday from 8 am to 11am. Banks are open Monday to
Saturday from 8.30 am to 12.30 pm.
Shops
and private businesses open from 9 am to 6 pm Monday to Saturday.
Many grocery stores keep late hours and open on Sunday as well. It
is important to remember that some Muslim shops and businesses may
remain closed on Fridays.
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