According to several sources Banque du Liban has decided to issue banknotes of 500,000 lira (LBP500,000.1) and 1,000,000 lira (LBL1,000,000.1) equal to USD 5.60 and $11.20 respectively at the Sayrafa rate. The issue of notes of 5 million lira will probably follow.

These measures must be approved by the House of Representatives.

Source: An-Nahar.

Courtesy: Cleophas Schockem.

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