Banque du Liban

Banks: Khalaf Sees 2026 as a Key Year for Crisis Resolution

The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, believes that 2026 could mark the beginning of implementing definitive solutions and relaunching the banking sector on a stronger footing. This milestone, he argues, would also allow depositors to recover their rights and help restore confidence in financial ...

Parliamentary Session Descends into Chaos over Expatriate Voting and Raoucheh Dispute

The parliamentary session that convened at 11 AM on Monday was adjourned prematurely, with only 9 of the 17 scheduled agenda items addressed. The session was marred by political tensions, as several MPs withdrew in protest at the presidency’s refusal to include the issue of expatriate voting in the upcoming May 2026 legislative elections. Their ...

Retired Soldiers Protest: Roadblocks and Postponed Parliamentary Sessions

The situation returned to calm on Wednesday in downtown Beirut after former security forces veterans staged a protest in the morning. Following this, it was announced that a new cabinet meeting would be held later in the day to continue reviewing the draft budget. As part of their mobilization, protesters burned tires and blocked the road in the ...

BDL, Lebanon’s Anchor of Trust on the Path to Recovery

In a country where figures are often subject to interpretation and fiscal data remains scarce or unreliable, Lebanon’s Central Bank (BDL) seeks to reaffirm its role as a reference point for institutional investors and international markets. It also aims to provide citizens with clear benchmarks to better understand the rationale and direction ...

Banque du Liban Bans Inflow of Funds Linked to Sanctioned Entities

On Tuesday, the Banque du Liban (BDL) issued Circular No. 170, banning the direct or indirect entry of funds linked to Lebanese organizations subject to international sanctions, especially those imposed by the US Office of Foreign Assets Control (OFAC). The central bank cautioned that permitting such financial flows could endanger the ties ...

Khalaf: Toward Realistic Solutions in 2026

In his monthly editorial, “Toward Realistic Solutions in 2026,” Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, stressed that Lebanese banks intend to play an active role in this critical stage of exiting the crisis. To support this effort, they have engaged the international firm ANKURA to assist in the reform ...

BDL Takes Action: Ban on Transactions with Al-Qard Al-Hassan & co.

The circular (No. 170) published by the Banque du Liban, accompanied by Basic Decision No. 13335, marks a decisive turning point in regulating the Lebanese financial sector. By formally banning banks and financial institutions from any relationship with unauthorized entities, particularly the association Al-Qard Al-Hassan, the Banque du Liban is ...

Parliamentary Subcommittee Advances Banking Reform Bill

The parliamentary subcommittee tasked with drafting the long-awaited banking reform bill made significant headway on Monday, as lawmakers inched closer to adopting several key provisions aimed at revamping the financial sector. Chaired by MP Ibrahim Kanaan, the session was attended by Minister of Finance Yassine Jaber, a number of MPs and Central ...

Government Finalizes Financial Appointments, Names Mazen Soueid as Head of the Banking Control Commission

At midnight between Monday and Tuesday, June 9, the terms of the four vice governors of the Central Bank of Lebanon (BDL) expired: Wassim Mansouri, Bachir Yaqzan, Salim Chahine, and Alexander Mouradian, along with the mandate of the president and members of the Banking Control Commission and three members appointed as experts to the Capital ...

BDL Orders Institutions to Accept Old US Dollar Notes

The Banque du Liban (BDL) has issued a directive requiring all banks, financial institutions, money exchange companies and electronic money transfer firms operating in Lebanon to accept all authentic US dollar banknotes, regardless of whether they are from older or newer series. In a statement released on Tuesday, the central bank emphasized that ...

BDL Issues Circular to Regulate Foreign Transfers

Banque du Liban (BDL) issued Circular No. 169 on Tuesday, introducing new restrictions on the transfer of deposits abroad in a bid to promote fairness among depositors amid Lebanon’s ongoing financial crisis. Under the new directive, banks are prohibited from transferring deposits outside Lebanon without prior approval from BDL. The measure is ...