Prohibition of Promissory Undertakings Drawn in Gold

Type

Decision

Number

18

Date of the text

26/01/1940

Official Gazette

published in 1940

Status today

Repealed as of 27/08/2026

Articles

4

What it provides

This decree bans drafting civil and commercial obligations in gold, by gold weight, or in currency equivalent to gold, declares contracts that violate this void, and sets how existing obligations are paid in legal currency at the world gold price.

What has changed this text

• Repealed by Law No. 105/1999 of 22/06/1999

The full text

This act was published in the Lebanese Official Gazette in 1940. Its full text and the original scan are in the Gherbal National Gazette archive.