
Parliamentary Committee Approves New Banknote Amid Currency Collapse
This is Beirut, 16:55 - Reading : 1 minute(s)
Banks Central Bank of Lebanon Internal Security Forces Ibrahim Kanaan lebanon
The Finance and Budget Committee, chaired by MP Ibrahim Kanaan, approved on Wednesday a legislative amendment authorizing the Central Bank of Lebanon (BDL) to issue new banknotes, including a denomination of LBP 5 million. The move, seen as emblematic of the national currency’s collapse, was justified as a technical step to facilitate daily ...