1 April 1964
¤Banque du Liban begins operations
PartiesBanque du LibanLebanese state (presidency, cabinet, parliament)
On 1 April 1964 the Banque du Liban began operations under the Code of Money and Credit (1963), taking over the issue of the lira from the French Banque de Syrie et du Liban; the lira was highly covered by gold and traded at about 3 to the dollar, rising gradually to about 2.3 on the eve of the war.