The Banque du Liban announced that it will put into circulation a new banknote of five thousand Lebanese pounds, signed by the Governor of the Banque du Liban, Riad Salameh, and the First Deputy Governor of the Banque du Liban, Wassim Mansouri. The new banknotes will be put into circulation alongside the notes currently in circulation of the same denomination.
To shed light on this issue, the economist Jassem Ajaga joins us.
– One of the specifications of the new banknote is that the date of its issuance is April 1, 2021. Why do you think about the timing of the issuing?
– Why is the 5000 LL specifically?