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  Bank in Lebanon

 Central bank Banque du Liban - The Central Bank of Lebanon The Lebanese central bank and monetary authority, with control over bank supervision and regulation.

Banque du Liban (BDL) (Arabic: مصرف لبنان‎, French: Banque du Liban) is the central bank of Lebanon. It was established on August 1, 1963 and became fully operational on April 1, 1964. It is currently headed by Riad Salameh, who was named the Middle East's best central bank governor by Euromoney in 2005.

One of the main responsibilities of the bank is issuing Lebanon's currency, the Lebanese Pound. Other responsibilities include maintaining monetary stability, regulation of money transfers, and maintaining the soundness of the banking sector. Banking is a very important part of Lebanon's economy with over 100 different banks, which makes the role of Banque du Liban particularly important. It currently owns 99.37% of the shares of Lebanon's national carrier, Middle East Airlines. However, plans call for it to sell its stake in the airline by 2008 as part of government plans to privatize many institutions.

The government has recently launched an ambitious 5-year economic reform program in hopes to cut the country's debt. The outcome of the reform program will largely be dependent on Banque du Liban.

Besides the main branch in Beirut, it has branches in Aley, Baalbeck, Bikfaya, Jounieh, Nabatiye, Sidon, Tripoli, Tyre, and Zahle.

 Major banks

Bank of Beirut S.A.L.
BLOM Bank S.A.L.
Byblos Bank S.A.L.
Crédit Libanais S.A.L.
Federal Bank of Lebanon S.A.L.
Fransabank S.A.L.
Citibank, N.A.
Audi Saradar Bank S.A.L

 Other banks

B.L.C. Bank S.A.L.
Al-Mawarid Bank S.A.L.
Arab Investment Bank S.A.L.
Bank Al Madina S.A.L.
Banque BEMO S.A.L.
Banque de la Bekaa S.A.L.
Banque de l’Habitat S.A.L.
Banque de l’Industrie Et Du Travail S.A.L.
Banque Lati S.A.L.
Banque Misr Liban S.A.L.
BBAC S.A.L.
Creditbank S.A.L.
FFA Private Bank
Finance Bank S.A.L.
First National Bank S.A.L.
MEAB S.A.L.
Méditerranée Investment Bank S.A.L.
Near East Commercial Bank S.A.L.
Société Générale de Banque au Liban S.A.L.

 Foreign banks

Arab Finance House S.A.L.
Banca Di Roma S.P.A
Bank of Kuwait And The Arab World S.A.L.
BANKMED S.A.L.
Banque Libano-Francaise S.A.L.
Banque Nationale de Paris “Intercontinentale”
HSBC Bank Middle East Limited
Intercontinental Bank of Lebanon S.A.L.
Standard Chartered Bank S.A.L.
Lebanese Canadian Bank S.A.L.
Lebanese Islamic Bank S.A.L.
Lebanese Swiss Bank S.A.L.
Lebanon & Gulf Bank S.A.L.
Société Nouvelle de la BANQUE de SYRIE et du LIBAN S.A.L.
Syrian Lebanese Commercial Bank S.A.L.
National Bank of Kuwait (Lebanon) S.A.L.

Currency: The Lebanese lira (lira in Lebanese, or livre in French) (ISO 4217: "Lebanese lira", LBP) is the currency unit of Lebanon. It is divided into 100 piastres French but inflation has eliminated the subdivisions.

The plural form of lira, as used on the currency, is either lirat (ليرات) or the same, whilst there are four forms for qirsh: the dual qirshan (قرشان), the plural qirush (قروش) used with numbers 3-10, the accusative singular qirsha (قرشا) used with 11-99, or the genitive singular qirshi (قرش) used with multiples of 100. In both cases, the number determines which plural form is used. Note that before the Second World War, the Arabic spelling of the subdivision was غرش (girsh). All of Lebanon's coins and banknotes are bilingual in Arabic and French.

 

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