Liliane Mokbel, 30/07 12:00 - Reading : 2 minute(s)
According to Majd al-Masri, the president of the Syndicate of Money Changers in Lebanon, there is no actual shortage of dollar bills in the Lebanese market. He asserts that the delays in fulfilling customers' currency exchange requests are due to a logistical issue that will soon be resolved. Mr. Masri reassures that fears of a dollar shortage are ...
Maurice Matta, 23/07 11:46 - Reading : 3 minute(s)
Since August 1, 2023, Lebanon’s Central Bank (BDL) liquid foreign currency reserves have steadily increased from $8.573 billion to $9.9 billion by June 2024, marking an average monthly growth of $120 million under the new leadership. This development occurs under Lebanon's Central Bank policy of not financing the government with currencies, ...
Nicolas Sbeih, 11/07 09:45 - Reading : 5 minute(s)
After delving into the topic of banks, let's assess the current state of their regulatory body, Lebanon’s Central Bank (BDL). Overall, the outcome is somewhat meager. However, we will refrain from preempting conclusions before outlining the pros and cons of this interim governorship, now in its one-year tenure. We will partially rely on ...
Liliane Mokbel, 07/07 17:47 - Reading : 2 minute(s)
The lack of funds in EDL's account at Lebanon's Central Bank (BDL) is delaying the unloading of essential Iraqi fuel oil for the country's power plants, which is currently stored on board the tanker Sky Rider off the coast of Lebanon. Consequently, the risk of Lebanon being plunged into total darkness starting Monday is significantly increasing. ...
Nicolas Sbeih, 04/07 11:00 - Reading : 5 minute(s)
Few bankers get the chance to speak freely in the media, as this is frowned upon. They're seldom invited to debates, and if they are, it's only to be bombarded with a well-prepared barrage of acidic slurs. In fact, we have been hearing the same tirades for the past five years, with each critic thinking they've made a groundbreaking ...
This Is Beirut, 27/06 14:11 - Reading : 1 minute(s)
Banque Du Liban (BDL) announced on Thursday that it would be extending the effects of Circulars 158 and 166. In a communique, the financial institution stated that the Central Council, which met on Wednesday, decided to extend the validity of Circulars 158 and 166 for one year, with the possibility of renewal, effective starting July 1, ...
This Is Beirut, 25/06 12:50 - Reading : 2 minute(s)
The president of Lebanon’s real estate agents and consultants syndicate, Walid Moussa, has called for the regular resumption of work at the land registries, highlighting that their closure has resulted in a loss of revenue to the Treasury of $200 million. Speaking at the opening of Lebanon’s second real estate forum on Tuesday, Moussa ...
Michel Touma, 19/06 16:38 - Reading : 5 minute(s)
The documentary titled “Casse du siècle au Liban,” or Heist of the Century in Lebanon, aired on Tuesday night on the Arte channel, is riddled with omissions and frequently neglects the imperative of intellectual honesty that should guide a journalist. It was truly a textbook case of information withholding, reality deformation, and blatant ...
Roger Merheb, 10/06 19:44 - Reading : 5 minute(s)
Central Bank of Lebanon Free Patriotic Movement Ghada Aoun
Following years of abuse and judicial misconduct, Ghada Aoun, the Public Prosecutor at the Mount Lebanon Court of Appeal, was finally scheduled to appear before the Judicial Disciplinary Council on Monday at 3 PM. Since her dismissal in May 2023, Aoun has repeatedly refused to comply with summonses from this judicial body. Ghada Aoun has ...
Liliane Mokbel, 02/06 13:19 - Reading : 4 minute(s)
Card payments are no longer the only and main consumers’ option. Bank cards are steadily giving way to alternative payment methods. This is a global trend, and Lebanon is no exception; for instance, electronic wallets are gaining significant popularity. The range of options keeps growing. In the coming years, there will be less cash and fewer ...
Maurice Matta, 20/05 12:20 - Reading : 6 minute(s)
The official exchange rate of 89,500 Lebanese pounds to one US dollar is recognized by the Lebanese Central Bank (BDL) as the unified exchange rate, which banks are required to use when drafting their financial statements and periodic reports. This rate aligns with the parallel market exchange rate. BDL’s Acting Governor, Wassim Mansouri, keeps ...
10/05 15:45 - Reading : less than a minute
Vice-Governor and acting Governor of the Central Bank (BDL) Wassim Mansouri declared Friday that the BDL’s foreign currency reserves had increased by $1.1 billion. Speaking at a forum held at the Arab University of Beirut, Mansouri also emphasized that “the BDL cooperates with the government to maintain monetary stability in the country, but ...