LBCI

Salameh: BDL cannot take initiative to issue new Lebanese pound notes with fewer zeros

Lebanon Economy

27-11-2021 | 14:34

Share

Share

Salameh: BDL cannot take initiative to issue new Lebanese pound notes with fewer zeros

2^min

Governor of the Banque du Liban Riyad Salameh stressed on Saturday that the BDL wants the Marsal & Alvarez (M&A) company to start its audit operations as soon as possible, adding that the Central Bank has sent until now nine million traceable lines.

He further claimed that personal attacks against him began in April 2020 because he was opposed to the default caused by Hassan Diab's cabinet.

In an exclusive interview with Ici Beyrouth, Goveror Salameh stressed that the BDL cannot take the initiative to issue new Lebanese pound notes with fewer zeros, adding that such a step requires the approval of the government and the passing of laws.

Answering a question, Salameh defended BDL’s policies claiming that they have always had the goal of protecting depositors while preventing any Lebanese bank from going bankrupt. "A bank's bankruptcy entails the loss of customer deposits," he emphasized.

The head of the BDL also believes that the country might begin to emerge from its current crisis if the Lebanese government and the International Monetary Fund reach an agreement, a credible finance law is developed, and Lebanese banks are restructured using new funds.

"Under these circumstances, the value of the Lebanese pound will revert to a rational equilibrium and will be greater than it is now," he said.

Breaking Headlines

Lebanon News

Lebanon Economy

Salameh

BDL

Lebanon

Next

Lebanon updates fuel prices

Recommended For You

Waste crisis or new tax? Lebanon’s environmental fee raises questions

News Bulletin Reports

13:12

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Fuel prices slightly decrease across Lebanon

Lebanon Economy

2026-08-11

Fuel prices slightly decrease across Lebanon

Fuel prices: Gasoline drops by LBP 7,000, diesel rises by LBP 10,000

Lebanon Economy

2026-08-07

Fuel prices: Gasoline drops by LBP 7,000, diesel rises by LBP 10,000

Fuel prices in Lebanon increase

Lebanon Economy

2026-08-03

Fuel prices in Lebanon increase

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Drone hits aid warehouse in Iran: Red Cross

Middle East News

2026-04-03

Drone hits aid warehouse in Iran: Red Cross

Lebanon announces dates for 2026 vocational education exams for private candidates

2026-08-13

Lebanon announces dates for 2026 vocational education exams for private candidates

Earthquake of magnitude 6.8 strikes Colombia: EMSC

2026-08-10

Earthquake of magnitude 6.8 strikes Colombia: EMSC

Iran’s parliament speaker: Tehran not seeking ceasefire, aggressors must be punished

Middle East News

2026-03-08

Iran’s parliament speaker: Tehran not seeking ceasefire, aggressors must be punished

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

1

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

Rain in August? Sudden weather shift surprises Lebanon: Video

2

Rain in August? Sudden weather shift surprises Lebanon: Video

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

3

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

4

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

Etna eruption extends closure of Sicily's Catania airport until Saturday

5

Etna eruption extends closure of Sicily's Catania airport until Saturday

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

6

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

7

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

Waste crisis or new tax? Lebanon’s environmental fee raises questions

8

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More