Currency round-up: Lebanon considers new high-denomination notes

South Africa issues upgraded notes; Argentina 2,000 peso enters circulation; and more

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Lebanon: The Lebanese parliament is to consider authorising new high-denomination banknotes. Two parliamentary committees approved draft legislation on May 23, sending it to the full house.

According to a report by the National News Agency, the draft text allows the central bank to determine the value of the new banknotes. Other sources indicate the law authorises L£500,000 and L£1 million denominations.

The Bank of Lebanon currently circulates the Lebanese pound in six denominations, with the

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