Will new lira denominations restore Lebanese confidence

The article addresses the topic of issuing large-denomination banknotes in Lebanon, ranging from 500,000 to one million and five million Lebanese pounds, with the aim of facilitating cash transactions and managing the increasing volume of money circulating due to the collapse of the exchange rate. It is expected that issuing these denominations will require about a year of preparation and aims to simplify calculations and reduce the complexity of transactions. However, these measures do not guarantee the restoration of trust in the currency or an improvement in its value, as inflation and the declining level of confidence remain the main challenges. Experts clarified that the process of removing zeros, which is considered a technical procedure rather than a solution to inflation, may have limited benefits under unstable conditions and could pose risks of traders exploiting the new currency. Ultimately, the article emphasizes that restoring trust requires genuine economic and financial reforms, not superficial changes in the currency's denomination.

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