Determination of the conversion rate at which debts denominated in gold, contracted by workers before 26-1-1940 for the purchase of work tools and their accesso

Type

Decision

Number

125

Date of the text

30/05/1940

Official Gazette

published in 1940

Status today

In force as of 27/08/2026

Articles

3

What it provides

This decree sets the conversion rate at which gold-denominated debts incurred by workers before 26 January 1940 for buying work tools and equipment, such as vehicles for hire, must be repaid in Lebanese or Syrian currency. Gold-denominated bills of exchange for these debts are settled at the same rate.

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.