Central Bank of Lebanon

Bank Dollar Rates: LBP 15,000, 25,000 or 30,000?

For those wondering when the bank dollar exchange rate is going to increase, it is becoming increasingly clear that it won't happen anytime soon. It's a complete mystery. The causes are many. The government, the Central Bank of Lebanon (BDL) and the Ministry of Finance continue to pass the blame, leaving depositors frustrated. None of them is ...

BDL Gets Things Straight

In a statement released on Friday, the Central Bank of Lebanon sounded the alarm, calling on Parliament to act by approving reform laws to rescue the financial sector. The Central Bank of Lebanon (BDL) emphasized that the delay in enacting reform laws weakens the financial position of the Lebanese State, the Central Bank of Lebanon, and the ...

Mansouri Discusses a New Proposal for Deposits' Categorization

The interim governor of the Central Bank of Lebanon (BDL), Wassim Mansouri, disclosed that the bank is studying a new proposal regarding the categorization of the depositors’ funds, which have been frozen since the onset of the 2019 rampant economic crisis. He estimated the banks' liabilities at nearly $88 billion. In an interview with Al-Sharq ...

Riad Salameh's Office Addresses Detention and Legal Principles

Riad Salameh’s press office reaffirmed the former Central Bank governor’s commitment to confidentiality and legal principles amid recent legal developments. Amid legal proceedings against former Central Bank Governor Riad Salameh, his press office issued a statement on Thursday, acknowledging the considerable public attention surrounding his ...