LBCI

Lebanon’s currency dilemma: Central Bank of Lebanon explores banknotes printing options

Press Highlights

24-05-2023 | 02:02

Share

Share

Lebanon’s currency dilemma: Central Bank of Lebanon explores banknotes printing options

2^min

As the General Assembly of the Parliament awaits the final approval of amendments to the law, preparations are ongoing at the Central Bank of Lebanon, which has already decided on printing LBP 500,000 banknotes.

Meanwhile, discussions are underway to choose between printing either LBP 250,000 banknotes or LBP 1 million banknotes.

This article was originally published in and translated from Lebanese newspaper Annahar.

However, printing larger banknotes would save the Central Bank of Lebanon costs associated with printing, storage, and transportation while facilitating citizens to carry larger quantities of currency and reducing the cost of money transfer and storage for important businesses.

Once the amendments are approved in the General Assembly, the Central Bank will require at least three months for the currency printing process, which takes place in Germany and Malta, and to ship the new banknotes before being introduced into the Lebanese market.

Nevertheless, the Central Bank has unofficially completed preparations regarding the design and technical features of these banknotes for security and safety, according to Annahar newspaper.

Lebanon News

Press Highlights

Lebanon

Currency

Dilemma

Central

Bank

Explore

Banknotes

Printing

Options

Next

President Aoun: Reforms, stability will bring investors back to Lebanon

Recommended For You

President Aoun: Reforms, stability will bring investors back to Lebanon

Press Highlights

2025-05-01

President Aoun: Reforms, stability will bring investors back to Lebanon

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Pope Francis hospitalized with bronchitis: Vatican

2025-02-14

Pope Francis hospitalized with bronchitis: Vatican

Lebanese President Aoun arrives in Paris for brief visit at Macron's invitation

2025-03-28

Lebanese President Aoun arrives in Paris for brief visit at Macron's invitation

UAE mediating secret talks between Israel and Syria, sources tell Reuters

Middle East News

2025-05-07

UAE mediating secret talks between Israel and Syria, sources tell Reuters

Syrian state media says 11 dead in new clashes near Damascus

Middle East News

2025-04-30

Syrian state media says 11 dead in new clashes near Damascus

Videos

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

14:18

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

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

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Most read

24 hours

7 days

Month

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

1

Israeli drone drops sound bomb on stone factory in Kfarkela — NNA

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

2

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Fuel prices in Lebanon updated

3

Fuel prices in Lebanon updated

Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release

4

Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

5

Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?

Lebanon ready for Emirati return amid tightened airport security, interior minister says

6

Lebanon ready for Emirati return amid tightened airport security, interior minister says

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

7

Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate

Path to Lebanon’s banking reform law remains slow and challenging — The details

8

Path to Lebanon’s banking reform law remains slow and challenging — The details

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