LEBANON'S NEW NATIONAL PAYMENT SYSTEM
Properly functioning payment systems enhance the stability of the financial system, change the speed of the movement of money within the national economy, and enable efficient and optimum utilization of financial resources...read more
The Code of Money and Credit was promulgated by Legislative Decree N° 13513 of August 1, 1963. It established the Banque du Liban as a moral person of public law, bestowed with the privilege of issuing the national currency.Details
Banque du Liban was established by the Code of Money and Credit & started to operate effectively in 1964.
BDL is a legal public entity enjoying financial & administrative autonomy. It is not subject to the management rules and controls applicable to the public sector…
BDL's continuous commitment to exchange rate stability policy has become the cornerstone in maintaining financial and price stability. Its strategy of preserving a high stock of assets in foreign currencies as a precautionary measure proved to be essential in dealing with any crisis that may hit the economy.details MONETARY POLICY