BDL

Eleven Banks Call On the State to Settle Its Debt to the Central Bank

This Is Beirut, 2023-12-05 20:37 - Reading : less than a minute

BDL Central Bank

Lawyers for 11 Lebanese banks filed a memorandum on Tuesday, calling on the Ministry of Finance to compel the Lebanese State to immediately pay the Central Bank (BDL) the sums it owes. The banks are taking this action because they are BDL creditors and are wronged by its inability to demand repayment of the Lebanese State's debts. The State must ...

Breaching the Money and Credit Code

Antoine Menassa, 2023-12-04 17:06 - Reading : 2 minute(s)

BDL

We are currently witnessing unhealthy and, in any case, illegal attempts to cover the debts of Lebanon’s Central Bank (BDL). Unhealthy, because by adopting a balancing act, an attempt is being made to unjustly designate a scapegoat to bear the burden of the State's obligations to BDL, which amount to $72 billion... How? By highlighting the ...

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