Liliane Mokbel, 2024-01-18 22:58 - Reading : 2 minute(s)
What once was a social safety net, represented by the National Social Security Fund (NSSF), is no longer. Despite the good will of NSSF Director-General Mohammad Karaki, the calculation and withdrawal process of end-of-service indemnities continue to pose a complicated contention. Unfortunately, it is the employees, who are the most vulnerable, ...
This Is Beirut, 2024-01-05 21:18 - Reading : less than a minute
Wassim Mansouri, Acting Governor of the Central Bank (BDL), said on Friday that banking relations with the United Arab Emirates (UAE) would be maintained in their current form. "There have been no modifications or changes," he said in a statement issued in response to rumors that circulated, on Thursday, in some media and on social networks that ...
Liliane Mokbel, 2024-01-05 12:47 - Reading : 4 minute(s)
Lebanon’s Central Bank (BDL) announced in a statement on Thursday the suspension of "seigniorage," or procedure of assessing the profit or loss made on producing a currency, and the commencement of collaborative efforts with the International Monetary Fund (IMF) to review its Safeguards Assessment methodology. When approached by This is Beirut ...
Liliane Mokbel, 2023-12-20 18:39 - Reading : 3 minute(s)
Without prior notice, Lebanon’s Central Bank (BDL) announced on Monday evening (December 18), by means of a simple statement, a new rate for the dollar on its Sayrafa exchange platform. It set the rate at 89,500 Lebanese pounds (LBP) to the dollar, marking an increase of LBP 4,000 from the rate that has been in effect since last ...