Home » News » Economist’s Announcement: Approval for 500,000 and 1 Million Pound Note.

Economist’s Announcement: Approval for 500,000 and 1 Million Pound Note.

After serious talk about the possibility of discussing the issue of approving the one million or 500,000 pound note in Parliament, the researcher in monetary economy, Layal Mansour, said in an interview with LebanonOn that the 500,000 and one million note I became today necessityIt is unhealthy that the value of the largest banknote (100,000) is not equal to one dollar.

Mansour considered that printing the million dollar bill does not play a direct negative role on the Lebanese economy, nor will it create inflation.

And she continued: Inflation exists, and this printing process will reveal a sense of surrender on the part of the state to fight this inflation and the insane rise in the exchange rate against the dollar, and that those concerned have surrendered to the fait accompli, and instead of fighting it, they have begun to adapt to it.

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