This Is Beirut, 2024-02-06 15:42 - Reading : 1 minute(s)
Électricité du Liban (EDL) announced on Tuesday that certain charges have been abolished or reduced, based on decisions taken by its Board of Directors following approval by the relevant ministerial authorities. These amendments will be reflected in electricity bills issued from May 2023 onwards, with printing starting next week, according to a ...
This Is Beirut, 2024-01-23 18:58 - Reading : less than a minute
The Association of Banks in Lebanon (ABL) is working to guarantee depositors' rights in the short term while awaiting definitive solutions, it said in a statement issued on Tuesday, following a meeting between its board of directors and Banque du Liban's Interim Governor Wassim Mansouri and deputy governors. They discussed the best possible ...
Liliane Mokbel, 2024-01-17 22:43 - Reading : 3 minute(s)
Initiating an adjustment of the dollar exchange rate at 89,500 Lebanese pounds before transitioning to a floating exchange rate regime is a prudent and essential measure. While standardizing the exchange rate is vital for economic revitalization, a key question remains: Does this imply a floating system, where the dollar-to-pound exchange rate is ...
This Is Beirut, 2023-12-18 23:10 - Reading : less than a minute
According to multiple sources, the Banque du Liban (BDL) has reportedly decided to raise the rate of the Sayrafa platform from LBP 85,500 to the dollar to LBP 89,500, effective Monday. This rate had remained unchanged for several months. Although the BDL has not yet issued an official statement, it is said to have informed banking institutions of ...