New Banknotes to Boost the Lebanese Pound
Liliane Mokbel, 10:35 - Reading : 2 minute(s)
Issuing higher-denomination banknotes for the Lebanese pound is simply common sense, given that the largest note currently in circulation is LBP 100,000—worth about USD 1. The others are worth even less: LBP 50,000 (roughly USD 0.50), LBP 20,000, LBP 10,000, and LBP 5,000. Lebanon has been in the grip of a currency collapse for six years, with ...