This is Beirut, 2025-12-21 15:05 - Reading : 5 minute(s)
Lebanon Economy Banks BDL Gap Law
Presented as a restructuring measure, the Gap Law organizes a methodical liquidation of the Lebanese banking sector. Behind complex technical mechanisms—loss hierarchy, balance-sheet cleanup, recapitalization—lies a clear political choice: to sacrifice banks to settle a public crisis that the state refuses to assume. This text does not reform ...
This is Beirut, 2025-12-21 12:05 - Reading : 5 minute(s)
Banks BDL Lebanon Economy Gap Law
Wrapped in the technical language of financial restructuring, the Gap Law is presented as a necessary step to correct the imbalance of Lebanon’s banking system. Behind this rhetoric lies a far more serious reality: the legalization of a massive expropriation of bank deposits, in blatant disregard of property rights, legal certainty, and the very ...
Eleonore Stephan for Huna Lubnan, 2025-12-21 09:05 - Reading : 3 minute(s)
At one of the darkest moments in Lebanon’s national life, Prime Minister Nawaf Salam is promoting a so-called “financial gap law” as a technical solution, while in reality it legalizes suffering and formalizes the confiscation of Lebanese citizens’ savings. The so-called “Kulluna Irada” law does not merely steal money; it also ...
This is Beirut, 2025-12-15 11:35 - Reading : 1 minute(s)
Lebanon opposition BDL Banque du Liban Association of Banks
The Association of Banks in Lebanon addressed an open letter to the three presidents, as well as to all Lebanese citizens—particularly depositors—in which it expressed its opposition to the contents of the draft law on the financial gap, whose ninth version was recently leaked. The Association said that “the draft contains serious ...
This is Beirut, 2025-11-19 15:15 - Reading : 3 minute(s)
A cautiously tense meeting brought together Finance Minister Yassine Jaber and a delegation from the Association of Banks in Lebanon (ABL), dedicated to discussing the points related to the Financial Gap Law. The talks focused on how the banks, the Lebanese state, and the Central Bank would handle the existing gap and on reassessing the banks’ ...
Liliane Mokbel, 2025-11-17 15:30 - Reading : less than a minute
Byblos Bank chief economist Nassib Ghobril answers This is Beirut’s questions about the consequences of the systemic crisis.
This is Beirut, 2025-11-12 20:00 - Reading : 2 minute(s)
Lebanese economist and columnist Antoine Farah told Huna Lubnan that the Lebanese state bears full responsibility for the misuse of public funds both before and after the financial crisis, noting that what was once unclear prior to the 2019 collapse has now become indisputable. Farah argued that the state, working hand-in-hand with the ...
This is Beirut, 2025-11-10 19:35 - Reading : 6 minute(s)
The Senior Director for Counterterrorism Sebastian Gorka’s visit to Lebanon over the past two days has added an unexpected but timely dimension to the country’s search for economic and political stability. His meetings with local officials and policy advisors reportedly centered on policies to cut off ...
This is Beirut, 2025-11-07 15:20 - Reading : 4 minute(s)
Negotiation skills refer to the capacities and methods used by an individual when engaging in discussions with another party in order to reach an agreement that satisfies both sides, without sacrificing the rights or interests of either. Key negotiation skills include planning, managing expectations, persuasion, problem-solving, decision-making, ...
This is Beirut, 2025-11-04 13:30 - Reading : 4 minute(s)
In appearance, Finance Minister Yassin Jaber sought to present his meeting with the Association of Banks in Lebanon (ABL) delegation at the Ministry of Finance as a broad, constructive session that projected an image of consensus. His public remarks reinforced this impression, suggesting that both sides—the ministry and the banks—were aligned ...
Liliane Mokbel, 2025-09-29 19:05 - Reading : 3 minute(s)
Lebanon Central Bank of Lebanon Banks International Monetary Fund economy deposits BDL
At a luncheon debate hosted by the École supérieure des affaires (ESA), Karim Souhaid, the Governor of Lebanon’s Central Bank (BDL), presented his assessment of the country’s economic situation – “slowly but surely moving in the right direction” – to around 40 members of the Mouvement des entreprises de France (MEDEF), currently on ...
Liliane Mokbel, 2025-09-17 10:35 - Reading : 2 minute(s)
Issuing higher-denomination banknotes for the Lebanese pound is simply common sense, given that the largest note currently in circulation is LBP 100,000—worth about USD 1. The others are worth even less: LBP 50,000 (roughly USD 0.50), LBP 20,000, LBP 10,000, and LBP 5,000. Lebanon has been in the grip of a currency collapse for six years, with ...