LBP – Lebanese Pound
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Overview The payment processing of this currency is considered to be relatively standardised. However, the beneficiaries might be contacted by the beneficiary/correspondent bank to release the funds.
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Currency Guidelines Besides the standard information, the IBAN format is mandatory (see Appendix VI).
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
This currency has to include two decimal places of zero value (e.g. LBP 123.00)
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Instructions, technical guidelines & more -
To consult the Technical Guidelines of this currency, click here
TECHNICAL GUIDELINES -
To consult the Appendix(es) click here
Appendix VI: IBAN Application Rules
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Additional information • Available charge options: OUR
• BEN can only be used for payments greater than LBP 15 000
• Central bank of Lebanon: http://www.bdl.gov.lb/