A picture of a 1,000,000 LL bill has been circulating online for the past week, however it’s a fake bill that was shared by Al Khanda2 newspaper to reflect on the continuing Lebanese lira downward spiral.
In the last 48 hours, the Lira plunged to a new low as the 1$ exceeded LL12,000 while prices are still increasing as “fresh” dollars are needed for pretty much everything and the government is still subsidizing a list of basic goods. Since the LL100,000, which is the highest available banknote, is now worth $8 (vs 66$ pre-Oct 2019), the Central Bank will eventually have to issue LL500,000 and LL1,000,000 bills soon.
