Government & Currency
by maro83
Lebanon is a democratic republic with a parliamentary system of government and a cabinet headed by a prime minister. Its constitution is based on the separation of executive, legislative and judicial powers, elected by 128 members of parliament for a six-year term.The latter are elected by a universal adult suffrage every four years, and are allocated seats along religious lines.The currency is the Lebanese Lira (LL). Notes are in denominations of LL1,000, LL5,000, LL10,000, LL20,000, LL50,000, AND LL100,000. Coins are in LL50, LL100, LL250 and LL500 pieces.US currency is accepted almost everywhere. The exchange rate of the US Dollar is LL 1,500 with occasional minor fluctuation. Foreign currency may be exchanged at any bank or exchange or cambio shops. Credits cards are accepted almost everywhere.