Sunday, November 24, 2013

Lebanon New 50,000 Livre Polymer Commemorative Banknote

The bank of Lebanon issued a 50,000 Livre polymer banknote on November 22, 2013 to commemorate the 70th Anniversary of independence.

The design of the new note has drawn derision for its gaudy color scheme and spelling error. The bill became a national joke when a preview revealed that "Independence" written according to its English spelling rather than the French "independance" on the French side of the note.

The bank denied that it was to blame for problems with the note, faulting the Britain-based company (De La Rue) that printed it.

A limited edition of 50,000 notes went into circulation on the anniversary of the end of French colonial rule in 1943.

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