The currency used in Lebanon is the Lebanese pound, often abbreviated as LBP. The Lebanese pound has experienced significant fluctuations in value due to the country’s economic challenges and political instability. The currency is subdivided into 100 piastres, although piastres are not commonly in use. In practice, many transactions in Lebanon, especially in major cities, may also be conducted in US dollars due to the ongoing economic crisis and the dollarization of the economy. Understanding the Lebanese pound's context is crucial for comprehending Lebanon's financial landscape and the impact of global economic factors.