News Archive

Banque du Liban
Posted 06/08/2017 08:20AM

IB 2 economics class took a trip to the Central Bank to understand its role, how money is produced and how the World Trade Organization (WTO) operates. “Dressed formally, the day mostly consisted of lectures in the central conference room. We met high ranking employees, and learnt about monetary policy and the historical relevance of the bank itself. Lebanon’s past conflicts have thoroughly tested the banks’ ability to stabilize the economy. The lecture increased our appreciation of the Central Bank, for it was its actions during crisis that gave way to the lifestyle we currently cherish. The information about monetary policy was interesting since the manipulation of monetary supply characterized the economy as a living breathing system, instead of a set of rules. After a break we attended lectures about the WTO and the physical properties of the bills we use every day. The production of bills, and more importantly the security measures imbedded within the notes, where especially striking… The trip ended with a visit to the banks museum… It is only through understanding and study that we can materialize the change we preach.”  ~Tarek Bou Nassif

Beirut, Lebanon

International College
P.O. Box 113-5373 Hamra
Bliss Street
Beirut, Lebanon
Tel/Fax: 961-1-362-500/1
ICLB@ic.edu.lb

New York, USA

International College
215 Park Avenue South, Suite 1710
New York, NY 10003, USA
Tel: 1-212-529-3005
Fax: 1-213-529-8525
ICNY@ic.edu.lb

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