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Lebanon
Lebanon, officially the Republic of Lebanon, is a country in the Levant region of West Asia. Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, it is bordered by Syria to the north and east, Israel to the south, and the Mediterranean Sea to the west; Cyprus lies a short distance from the coastline. Lebanon has a population of more than five million and an area of . Beirut is the country's capital and largest city. Human habitation in Lebanon dates to 5000 BC. From 3200 to 539 BC, it was part of Phoenicia, a maritime civilization that spanned the Mediterranean Basin. In 64 BC, the region became part of the Roman Empire and the subsequent Byzantine Empire. After the seventh century, it came under the rule of different Islamic caliphates, including the Rashidun, Umayyad and Abbasid. The 11th century saw the establishment of Christian Crusader states, which fell to the Ayyubids and the Mamluks. Lebanon came under Ottoman rule in the early 15th ce ...
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Lebanese Pound
The lira or pound is the currency of Lebanon. It was formerly divided into 100 piastres (or ''qirsh'' in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued. The plural of lira is either ''lirat'' ( ) or invariant, whilst there are four forms for ''qirsh'': the dual ''qirshān'' () used with number 2, the plural ''qurush'' () used with numbers 3–10, the accusative singular ''qirshan'' (قرشًا) used with 11–99, and the genitive singular ''qirsh'' (قرش) used with multiples of 100. The number determines which plural form is used. All of Lebanon's coins and banknotes are bilingual in Arabic and French. From December 1997 through January 2023, the exchange rate was fixed at LL 1,507.50 per US dollar. However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates. On 1 February 2023, the Centr ...
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