1. HISTORY OF ESTABLISHMENT OF BANQUE DU LIBAN (BDL): History Following the downfall of the Ottoman Empire in September 1918, the Turkish Pound was replaced by a Sterling based Egyptian currency as legal tender in the states under the French and British mandate. The Egyptian Pound was issued by a private British institution, the National Bank of Egypt, and had been previously used by the British, since much of their supplies were from Egypt. After taking Lebanon …showed first 75 words of 3822 total…

…showed last 75 words of 3822 total…o-year, renewable term. Four members must be respectively experts in banking, trade, industry and agriculture. One of them is to be selected by the Planning Council (currently abolished), and another must be a university professor of economics of Lebanese nationality. The Consultative Committee advises the Governor on general issues, including monetary and credits policy. It submits to the Governor, with its own recommendations, studies on the general economic situation, or on regional or sectoral topics.