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LBP – Lebanese Pound

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.

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)

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
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/