It was home to ancient Phoenician settlements at sites that continued to be important centers of trade into the modern era. Lebanon, country consisting of a narrow strip of territory on the eastern shore of the Mediterranean Sea. Lebanon could have recently had an oil tanker seized by Eurobond holders because of its stinging debt crisis and the government was taking steps to avoid such risks in... Lebanese pound plunges to unprecedented low . Lebanon became independent in 1943 with Beirut as its capital. … Lebanese nationals and non-nationals can stop family members from leaving Lebanon if there are pending family court charges. It won't matter if the family members are Australian citizens. Lebanese pound plunges to unprecedented low . The Lebanese pound plunged to an unprecedented low Thursday, trading at as high as LL5,000 in the black market in some areas. There is no quick method to return a child abducted by a parent to Lebanon back to Australia. Lebanon has not signed the Hague Convention on the Civil Aspects of International Child Abduction. Lebanon's Parliament approved the bill in its session on Tuesday, despite opposition from Hezbollah representatives.