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
23
o
Bekaa
12
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
16
o
North
21
o
South
22
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Wajeet Rass
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
23
o
Bekaa
12
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
16
o
North
21
o
South
22
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
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 approaches the LBP one million banknote: report
Press Highlights
17-04-2023 | 05:37
High views
Share
Share
3
min
Lebanon approaches the LBP one million banknote: report
The inclusion of an accelerated bill aimed at amending two articles in the Monetary and Credit Law within the agenda of the Lebanese Council of Ministers raised many concerns in economic and public circles, given its sensitivity in light of the collapse of the exchange rate, and the delay in the adoption of a comprehensive rescue plan based on a final agreement with the International Monetary Fund (IMF).
Concerned banking and financial sources indicated that the amendments would exclusively affect the process of issuing cash, which automatically means that the government is about to propose legislation to issue new categories of banknotes likely to carry the values of half a million and one million Lebanese lira.
This article was originally published in, translated from Lebanese newspaper Asharq al-Awsat.
There is information about parallel trends regarding amendments related to the centralization of the issuance privilege specified in the Central Bank of Lebanon so that it is transferred to the executive authority represented by the Ministry of Finance, or through participatory decision-making and management between the two parties, according to Asharq Al-Awsat.
The most significant currency category issued and circulated currently amounts to LBP 100,000, which hardly equals one dollar in consumer markets that depend on the current rate in parallel markets. By comparison, before the financial crisis, which worsened since the fall of 2019, the 100,000 note was worth about 66 USD.
A banking official notes, in contact with Asharq Al-Awsat, that the tendency to legislate the issuance of the half-million and one-million banknotes will automatically reduce the quantities of cash carried to complete consumption operations and pay dues.
As for the concerns, according to the banking official, they lie in the possibility of legislative “harm” to the independence of the Central Bank, which the Monetary and Credit Law and its subsequent amendments fortify.
Thus, introducing Article 47 for deliberation and amendment automatically indicates a reconsideration of granting Banque du Liban exclusively the privilege of issuing the stipulated cash.
This can be deduced by explicitly linking it with Article 10 of the same law, which states that issuing cash is a privilege of the state, and the state can grant this privilege to a central bank it will establish.
Lebanon Economy
Press Highlights
Lebanon
Currency
Lebanese Lira
Banque Du Liban
Monetary and Credit Law
Banknotes
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
News Bulletin Reports
12:56
Breakthrough deal: Israel and Hamas agree to Trump’s peace plan phase one
News Bulletin Reports
12:56
Breakthrough deal: Israel and Hamas agree to Trump’s peace plan phase one
0
News Bulletin Reports
12:55
Nobel Peace Prize announcement: What are Trump's motives behind Gaza ceasefire plan?
News Bulletin Reports
12:55
Nobel Peace Prize announcement: What are Trump's motives behind Gaza ceasefire plan?
0
Lebanon News
2025-09-29
Interior Minister confirms 2026 elections, addresses expats voting, and Raoucheh gathering
Lebanon News
2025-09-29
Interior Minister confirms 2026 elections, addresses expats voting, and Raoucheh gathering
0
News Bulletin Reports
12:50
Countdown to ceasefire: Israel to begin first phase of Trump's Gaza plan
News Bulletin Reports
12:50
Countdown to ceasefire: Israel to begin first phase of Trump's Gaza plan
Videos
d-none hideMe
0
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
0
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
07:15
Lebanon has arrested 32 people suspected of spying for Israel: Judicial official to AFP
Lebanon News
07:15
Lebanon has arrested 32 people suspected of spying for Israel: Judicial official to AFP
2
Lebanon News
08:38
Lebanon cabinet convenes; minister injects humor with cake (Video)
Lebanon News
08:38
Lebanon cabinet convenes; minister injects humor with cake (Video)
3
Lebanon News
05:44
FM Rajji meets EU officials to discuss army support, reforms, and post-UNIFIL strategy
Lebanon News
05:44
FM Rajji meets EU officials to discuss army support, reforms, and post-UNIFIL strategy
4
Lebanon News
06:23
Health Ministry warns residents after blast injures man in southern Lebanon
Lebanon News
06:23
Health Ministry warns residents after blast injures man in southern Lebanon
5
Lebanon News
10:27
Syrian FM Asaad al-Shaibani to visit Beirut on Friday
Lebanon News
10:27
Syrian FM Asaad al-Shaibani to visit Beirut on Friday
6
News Bulletin Reports
13:14
Can Lebanon finally solve its waste crisis? A new bill aims to find out — the details
News Bulletin Reports
13:14
Can Lebanon finally solve its waste crisis? A new bill aims to find out — the details
7
Lebanon News
05:00
President Aoun welcomes Hamas-Israel agreement as first step toward lasting ceasefire and comprehensive peace
Lebanon News
05:00
President Aoun welcomes Hamas-Israel agreement as first step toward lasting ceasefire and comprehensive peace
8
Israel-Gaza War Updates
05:33
Israel says Gaza deal to take effect only after receiving cabinet approval
Israel-Gaza War Updates
05:33
Israel says Gaza deal to take effect only after receiving cabinet approval
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