News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
29
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
27
o
North
30
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Arbaji - Season 2
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
29
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
27
o
North
30
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Lebanon considers printing new banknotes as inflation soars
News Bulletin Reports
21-03-2023 | 11:23
High views
Share
Share
2
min
Lebanon considers printing new banknotes as inflation soars
In Lebanon, it is no longer feasible or normal to deal with a large amount of cash. If anyone wants to fill up their gas tank with gasoline and buy groceries or medicine for a family member on their way back from work, they need at least 8 million Lebanese pounds, or eighty banknotes of one hundred thousand Lebanese pounds, which are now worth only 70 cents. Such an amount cannot fit in a pocket or even a wallet.
As a result, finding a solution has become crucial, starting with printing new currency notes in larger denominations to facilitate people's affairs and adapt to the current situation. This is a necessary step, but the question remains, when and how?
Lebanon may be leaning towards printing larger banknotes such as one million and five hundred thousand Lebanese pounds. It may be a difficult choice, but it must be adopted, especially since new banknotes were printed in the early 1990s after the financial crisis at that time.
Sooner or later, a ‘new zero’ will be added to the Lebanese currency notes that will inevitably lose their value as the number of zeros increases. The first reason for printing larger banknotes is to reduce carrying stacks of cash.
However, such a step will lead to an increase in inflation in light of the continuous decline in the value of the Lebanese pound.
Such a step, although necessary, indicates a decline in confidence in the Lebanese financial institutions. It also shows a complete absence of clear financial policies under the authority that deals with the issue as a reaction rather than an action.
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Banks
Bank
Money
Cash
USD
LBP
Banknote
Currency
Crisis
Inflation
Next
Israeli army plans to reinforce border with Lebanon, prepares for withdrawal from Western sector
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
0
News Bulletin Reports
13:00
Behind closed doors: Secret Syria-Israel contacts hint at peace push
News Bulletin Reports
13:00
Behind closed doors: Secret Syria-Israel contacts hint at peace push
0
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
0
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
06:41
PM Salam reaffirms strong ties with Australia, discusses reforms and foreign cooperation
Lebanon News
06:41
PM Salam reaffirms strong ties with Australia, discusses reforms and foreign cooperation
0
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
0
World News
02:43
UK sanctions directors of oil trading group over Russian ties
World News
02:43
UK sanctions directors of oil trading group over Russian ties
0
Lebanon News
05:40
Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate
Lebanon News
05:40
Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate
Videos
d-none hideMe
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
0
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
0
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
0
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
0
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
0
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
2
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
3
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
4
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
5
World News
12:13
White smoke rises over Vatican, signaling election of new pope
World News
12:13
White smoke rises over Vatican, signaling election of new pope
6
Lebanon Economy
02:18
Fuel prices in Lebanon updated
Lebanon Economy
02:18
Fuel prices in Lebanon updated
7
News Bulletin Reports
12:52
Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security
News Bulletin Reports
12:52
Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security
8
World News
13:19
Cardinal Robert Prevost under the name of Leo XIV declared Supreme Pontiff, succeeding Pope Francis
World News
13:19
Cardinal Robert Prevost under the name of Leo XIV declared Supreme Pontiff, succeeding Pope Francis
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More