The Federation has a note-issuing and currency bank as the Central Bank called the Banque du Liban.
The Banque du Liban has four (4) cantonal Central Banks, with each one managing the monetary and financial aggregates within its canton.
Each cantonal Central Bank has a Governor.
The Banque du Liban is managed by a Central Council comprised of the four (4) Governors.
The Governor of the Banque du Liban is the Chairman of the Central Council elected for a period of one (1) year by rotation from its members, rotating from the eldest to the youngest.
All decisions must be unanimous.
Each cantonal Central Bank Governor is appointed for a period of four (4) years by the newly elected cantonal Prime Minister
cantonal Central Bank Governor mandate are terminated with cantonal Prime Minister departure. The new prime minister will appoint the new governor of the cantonal central bank.
