The Banque du Liban Launches its new Polymer 50,000 LBP Banknote Produced on De La Rue’s Safeguard™
9 April 2014
The Banque du Liban is today launching a new polymer banknote produced on Safeguard, De La Rue’s polymer substrate.
Beirut: 9 April 2014 : The new Commemorative polymer banknote is issued to celebrate the 50th anniversary of the founding of the Banque du Liban. With vibrant colours and imagery, the new note uses the latest technology as protection against counterfeiting. The clear ‘window’ area in the banknote shows an image of the Cedar of Lebanon in a bright, eye-catching blue/green ink which changes colour as the note is tilted and which can be seen from both sides of the note. The Banque is proud to be the first issuing authority in the region to use this colour changing ink in the clear window of the banknote.
De La Rue’s Sales Director Ruth Euling commented: ‘De La Rue is honoured that the Banque du Liban has selected our Safeguard polymer for their banknotes and included the SPARK ® Orbital TM feature which provides a dynamic, high impact public recognition feature. We congratulate the Banque on being the first issuer in the region to adopt the new technologies”.
Safeguard™ and Orbital are trade marks of De La Rue International Limited
SPARK® is a registered trade mark of SICPA Holdings SA
For further information:
Group Director of Communications De La Rue
Tel: +44 (0) 1256 605018
About De La Rue plc:
As the world’s largest integrated commercial banknote printer, De La Rue is a trusted partner of governments, central banks, issuing authorities and commercial organisations around the world.
The Group has in recent years been involved in the design or production of over 150 national currencies. De La Rue also produces a wide range of security documents including passports, driving licences, authentication labels and tax stamps. In addition, the Group manufactures sophisticated, high speed cash sorting and inspection equipment.
De La Rue also offers a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.
De La Rue employs approximately 4,000 people worldwide and is listed on the London Stock Exchange.
About The Banque du Liban:
The Banque du Liban (BDL) was established by the Code of Money and Credit promulgated on the 1st of August 1963, by Decree no. 13513. It started to operate effectively on 1st April, 1964.
BDL is a legal public entity enjoying financial and administrative autonomy. It is not subject to the administrative and management rules and controls applicable to the public sector. Its capital is totally appropriated by the State.
The BDL is vested by law with the exclusive right to issue the national currency. As stipulated by article 70 of the Code of Money and Credit, the BDL is entrusted with the general mission of safeguarding the national currency in order to ensure the basis for sustained social and economic growth. This mission consists of the following:
- Safeguard of monetary and economic stability
- Safeguard of the soundness of the banking sector
- Development of money and financial markets
- Development and regulation of the payment systems and instruments
- Development and regulation of money transfer operations including electronic transfers
- Development and regulation of the clearing and settlement operations relative to different financial and payment instruments and marketable bonds
For further information, please contact The Banque du Liban at http://www.bdl.gov.lb/