Why You Can’t Use Credit Card in Lebanon
This is why you shouldn’t use your bank card in lebanon
Did you know that in Lebanon, the value of the Lebanese pound has dropped over 95% in less than two years.
The government tried to peg the lebanese pound exchange rate to 1500 LBP to $1 USD.
However the unofficial ‘black market’ exchange rate is currently 35,000 LBP to $1 USD.
That means that things are 20 times more expensive if you tried to pay via card as a tourist, using the official government exchange rate.
Instead, you will need to bring cash into the country and exchange it using currency exchange offices.
You can find out the latest unofficial black market rate on Lirarate.org
Where Is Lebanon?
Lebanon is located on the eastern shore of the Mediterranean Sea.
Lebanon’s southern border is shared with Israel, while Syria borders Lebanon to the east and north, and the western edge of the country is bordered by the Mediterranean Sea.
You can see where Lebanon is on a map here:
All of our fun facts are from the Around the World in 800 Facts series, by Jordan Simons.
If you have a country fact to contribute, please drop it in the comments below.
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